btcusd 20 000 due to next week sell off when asia markets open
News about China declares all crypto transaction as illegal game out on Friday after Asia markets were closed.
These could result to Monday sell off like COVID lock down crush 70% in March 2020.
Except cryptomarket recovers to 45k Bitcoin till Monday
These could result to Monday sell off like COVID lock down crush 70% in March 2020.
Except cryptomarket recovers to 45k Bitcoin till Monday
Comment:
China Ban seems is not so dramatic as I thought, but real echo is not yet visible. Some experts claim China trying to ban all crypto till winter Olympic games starting in February 2022 in China.
Trade active:
Still in Short, I think there are many Chinese waiting for a good price to exit and next dump could initiate real panic sell.
