Lower high has been created and end of month candle below 7750 indicating more bearish sentiment to continue regardless of ETF announcements. I believe this is yet another buy the rumor sell the news event same as we had with CBOE Futures. the DAY the futures went live was the same day we fell from 20k. I believe BTC has the potential to rally if we get more ETF news HYPE but even if it is approved BTC will crash after as btc is still to scary for pension funds.
Which is a shame because in Australia we have a big problem with people not being able to afford retirement if the Super Funds would invest in BTC our oldies would be able to retire and relax and not have to worry about paying the aircon bill!
It is one of my dream to be able to help people invest their super into crypto for the long run so they can actually live a decent life in retirement. The Govt knows about this massive problem and try to fix it by forcing employers to pay super and are continuously raising this %
Due to the high cost of living in Australia its just not enough to survive.
TLDR; BTC lower high = bearish
Which is a shame because in Australia we have a big problem with people not being able to afford retirement if the Super Funds would invest in BTC our oldies would be able to retire and relax and not have to worry about paying the aircon bill!
It is one of my dream to be able to help people invest their super into crypto for the long run so they can actually live a decent life in retirement. The Govt knows about this massive problem and try to fix it by forcing employers to pay super and are continuously raising this %
Due to the high cost of living in Australia its just not enough to survive.
TLDR; BTC lower high = bearish