It is logical after a breakdown of 3000$ in 1 month to have a 1000$ relief rally.
Now the patterns are stacking & fueling for another breakdown as fundamentals for bears getting stronger.
1. GMO Internet Group - Lost 200+ Million USD dollars in $BTC & Cryptocurrency investments. Today they announced their exit of this type of business. An 14 years old Internet Company? A gargantuan like this? Well yes.
2. Bakkt will post-pone the launch date for another month or two.
3. Bitmain fires 70% of it is employees.
Now the patterns are stacking & fueling for another breakdown as fundamentals for bears getting stronger.
1. GMO Internet Group - Lost 200+ Million USD dollars in $BTC & Cryptocurrency investments. Today they announced their exit of this type of business. An 14 years old Internet Company? A gargantuan like this? Well yes.
2. Bakkt will post-pone the launch date for another month or two.
3. Bitmain fires 70% of it is employees.
