CYPTO market might get ugly.
If BTC cant hold that 40k-42k things can get really ugly. we might see as low as 28k. This will most likely bring the whole crypto market down with it. Elons tweeet might have spooked the retail investors who have money into bitcoin. Nonetheless we got to see if the money is transferring out of crypto and we might have to see where money is flowing into so we can catch a good opportunity. This plummit might effect stocks such as SQ and PYPL so those might be great short opportunties. If 40k does hold this might be a great buy opportunity presented for investors who are looking for an opportunity to add.
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Disclaimer
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.