iNeedBTC

Bitcoin in a no trade zone

BITFINEX:BTCUSD   Bitcoin
I think it's very risky to take position here, I'm just watching, hoping for the previous trend line to become a support, would be very encouraging. If it break down, I'm not expecting a big downside, unless if it break the green resistance. Great probability to stay in his range.
More incertitude in the market due to the tether drama which have a significative importance in the price action, bad news could be terrible for bitcoin. Bakkt, Fidelity,
Coinbase-Blackrock rumor can be huge catalyst, only few informations and still nothing accomplished yet. Lot of things needed to ensure the sustainability of bitcoin but it still seems to have a bright future.

What are your thoughts ?

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.