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Bitcoin Continues to Languish after ETF Announcement

From dailyforex.com

You can see Bitcoin has initially fell during the trading session and really has not gotten back up from the initial plunge. With that being the case, I think you have to look at this as a market that doesn't know what to do with itself because quite frankly, we just got the ETF and all we have done since then has been falling so with that being the case, I think you have to look at Bitcoin as a market that's in serious trouble because this has been, yet another sell the news type of event if you remember when we originally had the futures contract released That was the actual top of Bitcoin in the first bull market. ... (full story)

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  • Category: Technical Analysis