$BTC
Some forecasts were overly optimistic about Bitcoin; the surge was quite liked. But probably people did not realize that it was driven solely by emotions provoked only by Trump's words. In fact, many might not have understood that he did not say anything significant. There wasn't even any plan for creating a reserve; he simply reminded us loudly of what he had promised, and when it will all be accepted is unclear. Hence such a serious slide and rollback essentially back to the levels from which yesterday's surge originated. So we part ways; there won't be a rally here even close. Usually, a quick reversal, especially against the backdrop of the previous extremely negative dynamics, is evidence of the weakness of the bulls.
It would have been fine if we had rolled back to 90,000; here the bulls could have fought, but such a clear decline with a margin below 87,000 by the end of the day only clearly confirms the theory of further decline.
Of course, we might not go down to 70-75 thousand in the short term, but it is much more likely that we will further descend to the round figure of 80,000.
To the critics, I will say right away: these are thoughts about it.
Some forecasts were overly optimistic about Bitcoin; the surge was quite liked. But probably people did not realize that it was driven solely by emotions provoked only by Trump's words. In fact, many might not have understood that he did not say anything significant. There wasn't even any plan for creating a reserve; he simply reminded us loudly of what he had promised, and when it will all be accepted is unclear. Hence such a serious slide and rollback essentially back to the levels from which yesterday's surge originated. So we part ways; there won't be a rally here even close. Usually, a quick reversal, especially against the backdrop of the previous extremely negative dynamics, is evidence of the weakness of the bulls.
It would have been fine if we had rolled back to 90,000; here the bulls could have fought, but such a clear decline with a margin below 87,000 by the end of the day only clearly confirms the theory of further decline.
Of course, we might not go down to 70-75 thousand in the short term, but it is much more likely that we will further descend to the round figure of 80,000.
To the critics, I will say right away: these are thoughts about it.