Monday Madness
The almighty Bitcoin fell as low as $31,760 Monday morning, dropping below $32,000 for the first time since last month. Is this the start of a true bear run? Or is this the prime to pick up cheap coin before it truly takes off? Or do we wait another 3-4 years..
Also China’s crackdown on cryptocurrency mining has extended to the southwestern province of Sichuan, according to reports. I mean this might hurt bitcoin in the shortrun.. which we are seeing it first hand.
You did not take profits, did you?
I said it before, its never a bad idea to take some profits when it reaches a ATH, more then not it will come crashing down.. again just like it is now.
The People’s Bank of China said Monday it had urged Alipay and some major banks to crack down on crypto trading, China is really getting annoying.. ELON and CHINA are in bed together I bet.
The world’s largest digital currency fell as low as $31,760 Monday morning, dropping below $32,000 for the first time since June 8, according to data from Coin Metrics. It was trading at $32,472 at 4:00 p.m. ET, down 8% on the day.
So called Death CROSS looks more like a triple bottom.
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STOPThis is really freaking a lot of people out as the price of BTC is affecting all token.
I just hope btc will not break the line bellow $30k and take a long bearish move.
Chinese government seem to really annoying. Playing this petty stunt every year. Hope BTC holds off 30k till we eventually move upwards again
The bearish trend is giving me much concern as it have reach the stage for it to either break the support line or form a triple bottom and take a long bullish turn.
I'm hoping it forms triple bottom rather than breaking the line because it will be horrible if it breaks that support line and it will not be so favorable for all coins, including Hive.