Technically: locally BTC in the downward channel. There is solid support near the lower boundary. I expect a rebound to the middle line of the channel. There is a strong resistance around 38.2% Fibonacci levels.
Fundamental News:
1. Biden's announcement of a new stimulus package of $3 trillion, respectively, a little of these funds should go to a non-inflationary instrument - Bitcoin.
2. Elon Musk with Tesla cars for Bitcoin.
3. Acceptance of Bitcoin all over the world by big players. This correction only plays into their hands for accumulating more volume.
Best regards EXCAVO
Fundamental News:
1. Biden's announcement of a new stimulus package of $3 trillion, respectively, a little of these funds should go to a non-inflationary instrument - Bitcoin.
2. Elon Musk with Tesla cars for Bitcoin.
3. Acceptance of Bitcoin all over the world by big players. This correction only plays into their hands for accumulating more volume.
Best regards EXCAVO
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1. Register at partner.bybit.com/b/excavo
2. Deposit more than 10k in your account
3. Send your UID to t.me/excavo
4. Get a VIP group and my portfolio
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