As with many other Markets, Crypto took a Dive as fears about SVB came tot he surface but as soon as ideas of safty came out, Look how it recovered. This is one of the MAJOR advatages of Crypto, it really is 24/7, trading any day and at any time. Some people Still cannot get their heads around that.
Anyway, Look at the Volume that came in. thats shows Huge amounts of support
But for now, the Rise in PA may need to take a breather as getting overbought on lower timeframes, and yet, given how the markets are, it would not surprise me if PA jumped once more at some point - it really is a matter of Watch what happens and react accordingly.
Fundimentals may emerge that could knock Crypto market heavily, for instance, the Universal Commercial Code (UCC) guidelines update, - that is actually a new law that bans crypto as a "Currency" but paves the way for CBDC's. Be VERY careful about this.
Anyway, Look at the Volume that came in. thats shows Huge amounts of support
But for now, the Rise in PA may need to take a breather as getting overbought on lower timeframes, and yet, given how the markets are, it would not surprise me if PA jumped once more at some point - it really is a matter of Watch what happens and react accordingly.
Fundimentals may emerge that could knock Crypto market heavily, for instance, the Universal Commercial Code (UCC) guidelines update, - that is actually a new law that bans crypto as a "Currency" but paves the way for CBDC's. Be VERY careful about this.