BTC has plummeted today and the market mood continues to be very bad.
It was reported that El Salvador would submit a bill to adopt BTC as fiat currency.
This can be said to be the purpose and goal of BTC's birth, and the discussion is about to begin.
Nevertheless, the reaction to the market is weak and it is not possible to repel. It has been suggested that the pessimistic mood is very serious.
From here, considering what points the long-timers buy lower to $30,000 to form a double bottom, or a big good news. I think that there are only these two points.
There may be a short-term backlash as it has been declining significantly, the repulsion seems to be aimed at shorts.
From there down to $30,000, up from the double bottom, it seems to be a condition to raise it.
If fall below $30,000, I think we should expect a drop of up to $20,000 in the long run.
It was reported that El Salvador would submit a bill to adopt BTC as fiat currency.
This can be said to be the purpose and goal of BTC's birth, and the discussion is about to begin.
Nevertheless, the reaction to the market is weak and it is not possible to repel. It has been suggested that the pessimistic mood is very serious.
From here, considering what points the long-timers buy lower to $30,000 to form a double bottom, or a big good news. I think that there are only these two points.
There may be a short-term backlash as it has been declining significantly, the repulsion seems to be aimed at shorts.
From there down to $30,000, up from the double bottom, it seems to be a condition to raise it.
If fall below $30,000, I think we should expect a drop of up to $20,000 in the long run.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.