$BTC UPDATE
Unfortunately, Bitcoin was not strong enough to hold the bear pressure caused by the recent news from the Middle East.
April turns out to be quite eventful month:
- Hong Kong SFC potentially approves ETF (15th of April)
- Bitcoin Halving (19th of April)
- Escalation of armed conflict on the Middle East (possibly this month)
Massive Bullish events overlap with Huge Bearish ones. That's why we need to take a look at the bigger picture...
...overall we can see a continuation of decreasing and another fake breakdown of the $60,000 support level. The shadow might even touch the $54,000 level (but chances are not that high).
What we can surely assume — retail investors will not hurry to put money into high-risk assets (crypto included) when the pease is at risk.
Unfortunately, Bitcoin was not strong enough to hold the bear pressure caused by the recent news from the Middle East.
April turns out to be quite eventful month:
- Hong Kong SFC potentially approves ETF (15th of April)
- Bitcoin Halving (19th of April)
- Escalation of armed conflict on the Middle East (possibly this month)
Massive Bullish events overlap with Huge Bearish ones. That's why we need to take a look at the bigger picture...
...overall we can see a continuation of decreasing and another fake breakdown of the $60,000 support level. The shadow might even touch the $54,000 level (but chances are not that high).
What we can surely assume — retail investors will not hurry to put money into high-risk assets (crypto included) when the pease is at risk.
