Same chart as the last update but looking more and more likely to be a breakdown and a test of the lower levels of support, possibly the 200MA.
If the institutions have their way, and let's face it, they are gaining more and more control over BTC and the market movements, I could see this go in the same direction as the traditional markets. As the institutions come in deeper and deeper from the stock market, they also bring their problems with them... Something NO Bitcoiner needs!
I just hope we break this savage cycle and keep Bitcoin and cryptocurrency as the future of financial freedom, not just make these markets another object for the Big Money and Governmental institutions to manipulate as they please.
A rant about the current eco crisis but off topic..
I am waiting for the close of tomorrow, or as it being the weekend, possibly CME open on Sunday/Monday, just to see if we have a gap to fill. I think next week will be the be all and tell all of the direction of where Bitcoin price is headed, although my bias is now again bearish .
Thanks!
If the institutions have their way, and let's face it, they are gaining more and more control over BTC and the market movements, I could see this go in the same direction as the traditional markets. As the institutions come in deeper and deeper from the stock market, they also bring their problems with them... Something NO Bitcoiner needs!
I just hope we break this savage cycle and keep Bitcoin and cryptocurrency as the future of financial freedom, not just make these markets another object for the Big Money and Governmental institutions to manipulate as they please.
A rant about the current eco crisis but off topic..
I am waiting for the close of tomorrow, or as it being the weekend, possibly CME open on Sunday/Monday, just to see if we have a gap to fill. I think next week will be the be all and tell all of the direction of where Bitcoin price is headed, although my bias is now again bearish .
Thanks!