Watch that fractal closely and compare.
Lately it looks like a lot of bad news come together. BTC looks exhausted for weeks.
So.. .sure - at maximum FUD the bottom could be reached.
But imagine those "pre news" turning into reality:
1. Prigoshin 5th largest BTC holder
2. Robinhood and US gov among top 5 too
3. SEC vs Binance case
4. Floor price model hinting to 40% drop
5. Bloomberg sees risks for BTC
6. US vs stablecoins
7. ETF decisions soon
A lot of bad signs. No comfortable trading conditions.
I recommend to protect your positions and holdings - NOT to panic.
But keep this path in mind as a "good chance".
Lately it looks like a lot of bad news come together. BTC looks exhausted for weeks.
So.. .sure - at maximum FUD the bottom could be reached.
But imagine those "pre news" turning into reality:
1. Prigoshin 5th largest BTC holder
2. Robinhood and US gov among top 5 too
3. SEC vs Binance case
4. Floor price model hinting to 40% drop
5. Bloomberg sees risks for BTC
6. US vs stablecoins
7. ETF decisions soon
A lot of bad signs. No comfortable trading conditions.
I recommend to protect your positions and holdings - NOT to panic.
But keep this path in mind as a "good chance".