) bulls were thwarted in an attempt to regain support at $40,000 on Monday as revelations about the upcoming executive order and the ongoing conflict in Ukraine tanked the market and dropped BTC to a low of $37,155.Here’s what several analysts in the market are saying about the outlook for BTC and whether or not crypto traders should prepare for an extended bear market.
Technical evidence that the BTC price could soon mount a recovery was highlighted by crypto trader and host of The Wolf of All Streets podcast Scott Melker, who An attempt to put those concerned with the possibility of a bear market at ease was made by crypto analyst and pseudonymous Twitter user ‘Plan C’, who posted the following chart and suggested that “people need to stop spreading misinformation.”“Bitcoin is NOT in a bear market. Above 29k=Mid-Cycle Accumulation. Below 29k=Bear Market.
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The administration, like Biden herself, should pay more attention to things that are more important than cryptography!
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So are you telling us that BTC price shouldn't Go down only up hmmm all this news self
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It was the Fed proposed interest rate hike that was blamed for the recent dips, now it's Joe Biden proposed executive order on crypto regulations. Also lots of people are giving takes of what the market is or will be in future. But the fact is BTC will pump when time is right
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I wish retail investors were smart enough to realize this is all by design. The fed and the liberals know that as long as they control the narrative then they control the price. You will always buy high and end up being a forced seller to the smart money.
I wonder what decision the gov will make
Bitcoin is trying to reclaim the $39,400 level but is unable to hold above this.This is the first level to break for an upside move. The support level remains the same at $38,200 Bravo Btcanne_ made us proud her tweets and tips have been very helpful, I have been doing great
I bought some btc on bfx when the price was around $32k. So far I've made a profit
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