BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS
Updated
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BITCOIN UPDATE: -Bitcoin (BTC) was back in the red on Wednesday, as markets reacted to comments from U.S. Federal Reserve Chair Jerome Powell.
On Tuesday evening, Powell stated that more regulation is needed in the crypto market, with recent declines in price highlighting “structural issues.”
Powell said of the current relationship between defi and traditional finance in his comments: “Ultimately that’s not a stable equilibrium and we need to be very careful about … how crypto activities are taken within the regulatory perimeter.”
Following the remarks, BTC/USD slipped to an intraday low of $18,553.30 earlier in the session, less than a day after hitting a peak of $20,338.46.
As a result of today’s sell-off, bitcoin moved closer to its key support point of $18,300. However, bulls have responded, pushing the price away from this level.
Currently, BTC is trading at $19.559.35, as traders seem to have closed out earlier shorts, giving way to some bullish sentiment.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BITCOIN UPDATE: -Bitcoin (BTC) was back in the red on Wednesday, as markets reacted to comments from U.S. Federal Reserve Chair Jerome Powell.
On Tuesday evening, Powell stated that more regulation is needed in the crypto market, with recent declines in price highlighting “structural issues.”
Powell said of the current relationship between defi and traditional finance in his comments: “Ultimately that’s not a stable equilibrium and we need to be very careful about … how crypto activities are taken within the regulatory perimeter.”
Following the remarks, BTC/USD slipped to an intraday low of $18,553.30 earlier in the session, less than a day after hitting a peak of $20,338.46.
As a result of today’s sell-off, bitcoin moved closer to its key support point of $18,300. However, bulls have responded, pushing the price away from this level.
Currently, BTC is trading at $19.559.35, as traders seem to have closed out earlier shorts, giving way to some bullish sentiment.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Note
Related publications
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.