Bitcoin and South Korean stocks are moving in opposite directions; the KOSPI fell more than 5% this week.
Here are the arguments on both sides:
Bullish case: Bad news being priced in means uncertainty is actually decreasing.
Bearish case: Confidence has taken a hit, so short-term buyers may be more cautious.
My view: Both sides have their logic; what really matters is which way the volume and price action for $BTC point.
$BTC latest: 83258.69, 24h: -0.3%, 24h range: 81033.66 ~ 84168.
#BTC
Here are the arguments on both sides:
Bullish case: Bad news being priced in means uncertainty is actually decreasing.
Bearish case: Confidence has taken a hit, so short-term buyers may be more cautious.
My view: Both sides have their logic; what really matters is which way the volume and price action for $BTC point.
$BTC latest: 83258.69, 24h: -0.3%, 24h range: 81033.66 ~ 84168.
#BTC