Bitcoin - all you need to know now
Some of Mt Gox Funds (MT Gox funds refer to the assets held by the bankrupt Bitcoin exchange Mt. Gox. Once the largest Bitcoin exchange in the world, Mt. Gox declared bankruptcy in 2014 after allegedly losing millions of Bitcoins to a hack. The remaining funds are now being managed to repay creditors.) have been moved overnight, not the first time we've seen this happen this and the market react temporarily poorly to it.
Definitely something to be wary of but not something to panic about for now. The tensions in the middle east and the tensions between china and vietnam are definetely something that could shake up the market even though I am fairly sure that this is not something China is about to do but more of a distraction for something...
My feed on X this morning are mega bearish that funds are being moved once again. Twitter has been shocking the past couple of weeks, value there remains minimal. Try to refrain from reading stupid takes and stick to the news etc.
Will see how we trade today following New York Opening after holiday weekend.
Looking at the chart itself, we should be holding the demand now because we got the COS with the surge yesterday evening. We broke the supply and sell off with the news. Now it is decision time for BTC to either hold this level or find it's support somewhere deeper. We will see 🫡
Definitely something to be wary of but not something to panic about for now. The tensions in the middle east and the tensions between china and vietnam are definetely something that could shake up the market even though I am fairly sure that this is not something China is about to do but more of a distraction for something...
My feed on X this morning are mega bearish that funds are being moved once again. Twitter has been shocking the past couple of weeks, value there remains minimal. Try to refrain from reading stupid takes and stick to the news etc.
Will see how we trade today following New York Opening after holiday weekend.
Looking at the chart itself, we should be holding the demand now because we got the COS with the surge yesterday evening. We broke the supply and sell off with the news. Now it is decision time for BTC to either hold this level or find it's support somewhere deeper. We will see 🫡
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