A lot of FUD around Binance and the market is bleeding. Altcoins are dropping hard which makes the sentiment even more negative overall.
We can see that 'BTC 10k' scenario has been brought to life again and many traders became ultra bearish. Many traders and investors refuse to accummulate crypto now as they believe that it will go much lower. The fear that was injected into the market makes people believe that whole crypto industry can be destroyed here and now, and crypto people forget that we saw this sentiment before and crypto always recovers.
What we expect is a little bit more sideways action on Bitcoin before the next bigger move. Buy zone: 25300 $ - 24200 $ Sell zone: 31500 $ -32200 $
Altcoins may drop a bit more but we believe that it's a right time to DCA into altcoins too.
Do you agree? Share your opinion!
Note
BTC dipping to 25400. Enjoy
Trade active
strong breakout. Reaching the target is just a matter of time.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.