Do you still believe in Buy the FUD and sell the News?
The buzz and hype of BTC spot ETF approval is finally down on us and I don’t think most crypto newbies and few expert expect the current dip. It was anticipated that the approval will send BTC to $50k and above but after the approval they was huge selling that force BTC below $40k. Anyway as usual this industry is still young as such we keep learning daily.
Don’t forget that CryptoQuant and QCP Capital predicted BTC will dip as low as $32,000 due to the amount of unrealized profits in the market and sell the news scenario demand for the ETFs could this prediction really come to past? One factor I am most fascinated to witness is CryptoQuant prediction that BTC will retest its previous ATH before next halving citing BTC price trend toward halving to back- up his prediction but I wonder which factor could propel BTC to this high?
Is worthy to note that SEC approval and other factor has double exposure for this industry with the influx of newbies in the space. Will you advise them to stick to sell the news and buy the FUD strategy or do you have a better strategy that works for you when your were a newbie?
$BTC $ETH $BNB
