BTC - 1D - AFTER CPI AT 7.7%
BTC created a short-term bottom after the last dump to $15,600 and went to clearly test our previous resistance, from which we expected a new bottom at the level of $18K. The price was rejected by resistance, the bulls currently need to gain strength in the next few days and close the daily candle, I would say at least above $18,500 so that we can continue further up
The FTX problem is not solved yet and we see a high volatility for some days. I think that this case will still have an outcome and a certain long-term impact on the market, maybe not only in a bad way, but also the stock exchanges themselves will certainly be more careful about the security of their reserves and tokens. Finally, a really big hat off to CZ and Binance for how they approached it.
SEE YOU SOON
BTC created a short-term bottom after the last dump to $15,600 and went to clearly test our previous resistance, from which we expected a new bottom at the level of $18K. The price was rejected by resistance, the bulls currently need to gain strength in the next few days and close the daily candle, I would say at least above $18,500 so that we can continue further up
The FTX problem is not solved yet and we see a high volatility for some days. I think that this case will still have an outcome and a certain long-term impact on the market, maybe not only in a bad way, but also the stock exchanges themselves will certainly be more careful about the security of their reserves and tokens. Finally, a really big hat off to CZ and Binance for how they approached it.
SEE YOU SOON
Comment:
14 NOV 2022
We are still under 18K$, the bulls dont have strenght yet
We are still under 18K$, the bulls dont have strenght yet
Comment:
US CPI AND PPI RELEASE helped bitcoin get a little higher but the bulls still haven't shown their strength, we are currently around 16.5K
Sam Bankman-Fried (SBF) resigned from CEO of FTX
FTX declares bankruptcy
FTX launched withdrawals