Fundamental: I think bad market fundamentals right now due to possible tight US Federal Reserve rules as well as restrictions in China, Russia and Kazakhstan have made it very difficult for Crypto to invest because the value of Fiat money has been affected and capital The relocation of people to these emerging and decentralized industries has reduced the financial focus of governments and economic regulators on economic control and the transfer of money, industries, and centralized financial systems, and this conflict has always been conceivable. The enactment of laws restricting this decentralization and control of this decentralized market have been put in place. At more attractive prices to play a role in controlling these decentralized markets in the future.
Technical: Therefore, at the current level of 29 to 32 thousand dollars, a solid and reliable level for the return of bitcoin in the upward trend path to the area above the Daily Range is about 68 thousand dollars. Any heavy negative fundamentals at this level could lead to the failure of this support and entry into the $ 20,000 channel.
Technical: Therefore, at the current level of 29 to 32 thousand dollars, a solid and reliable level for the return of bitcoin in the upward trend path to the area above the Daily Range is about 68 thousand dollars. Any heavy negative fundamentals at this level could lead to the failure of this support and entry into the $ 20,000 channel.
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.