A friend just asked me: “Is the buy wall below BTC’s current price not necessarily reliable? Could large-scale buying fail to withstand a cascade of long liquidations?” Is this bullish or bearish?
My answer: It’s somewhat negative in terms of direction, but bad news doesn’t mean prices will keep falling indefinitely. A turnaround often comes once the panic subsides.
$BTC What do you think?

#IMFExemptsElSalvadorFromBitcoinHoldingLimit

These views are for discussion only. Please manage your own risk.