Crypto is dead, will only hold at 8k (mining cost) or completely die.
I was pretty bullish on crypto with 'Wall Street' accepting it (I had a quarter of my portfolio in crypto).
But with China's new aggression towards crypto, it will continue to crash or even die. As most mining infrastructure, the majority of crypto assets and the largest trading platforms are located there.
I was pretty bullish on crypto with 'Wall Street' accepting it (I had a quarter of my portfolio in crypto).
But with China's new aggression towards crypto, it will continue to crash or even die. As most mining infrastructure, the majority of crypto assets and the largest trading platforms are located there.
Note
Could be forming a higher low, short term. [on 15m chart, just had a pretty bullish candle from 35250.Note
But any bullish bounce is unlikely to 34600, and it looks like it's still losing.
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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.