BTC/USD has been falling despite the relative calm in stock markets. Fed Chair Powell's point that no decision on a big hike had been made did not impact the cryptocurrency.
What does hurt Bitcoin is the crypto-industry, most recently the troubles at Silvergate. The crypto lender is under investigation, as part of the ongoing fallout from FTX's collapse.
After some consolidation, BTC/USD fell decisively below 22,131, and is heading toward 21,398. The next cushion is 20,000 .Resistance above 22,131 is at 22,612. I expect further gradual falls, despite the fact that the 4h-RSI is below 30 once again, indicating oversold conditions.
What does hurt Bitcoin is the crypto-industry, most recently the troubles at Silvergate. The crypto lender is under investigation, as part of the ongoing fallout from FTX's collapse.
After some consolidation, BTC/USD fell decisively below 22,131, and is heading toward 21,398. The next cushion is 20,000 .Resistance above 22,131 is at 22,612. I expect further gradual falls, despite the fact that the 4h-RSI is below 30 once again, indicating oversold conditions.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.