Further to the main chart here we are now on major support:
Will it hold? I believe yes.
Bitcoin
Earlier this week Bitcoin slided after network congestion leads Binance to briefly halt withdrawals
Apparently today's CPI brought Btc higher but that gave the opportunity for a massive sell-off a few minutes ago (US government some sources say).
Let's see how this plays out.
Charts to know:
Can it be from here to 40k? Maybe!
One Love,
The FXPROFESSOR
ps. some good news from the crypto space: Tether Reports $1.48B Profit in Q1, Reveals Bitcoin, Gold Reserves :
Stablecoin issuer Tether reported $1.48 billion in net profit for the first quarter of the year, double the previous quarter’s result, according to its latest attestation published Wednesday.
The company for the first time broke out bitcoin (BTC) and gold holdings detail in its consolidated reserves report. As of March 31, Tether held $1.5 billion of bitcoin on its balance sheet – or about 2% of roughly $80 billion in reserves – and $3.4 billion of gold, or about 4% of reserves.
Will it hold? I believe yes.
Bitcoin
Earlier this week Bitcoin slided after network congestion leads Binance to briefly halt withdrawals
Apparently today's CPI brought Btc higher but that gave the opportunity for a massive sell-off a few minutes ago (US government some sources say).
Let's see how this plays out.
Charts to know:
Can it be from here to 40k? Maybe!
One Love,
The FXPROFESSOR
ps. some good news from the crypto space: Tether Reports $1.48B Profit in Q1, Reveals Bitcoin, Gold Reserves :
Stablecoin issuer Tether reported $1.48 billion in net profit for the first quarter of the year, double the previous quarter’s result, according to its latest attestation published Wednesday.
The company for the first time broke out bitcoin (BTC) and gold holdings detail in its consolidated reserves report. As of March 31, Tether held $1.5 billion of bitcoin on its balance sheet – or about 2% of roughly $80 billion in reserves – and $3.4 billion of gold, or about 4% of reserves.
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🌐FOREX SPECIAL: fxprofessor.com/forex-special 💡💙💬 Public Telegram: www.t.me/fxprofessor88 💎
26880 is now Resistance after the selling pressure pushed BTC lower.
IF we can break over 26880 it would be a great, maybe last big opportunity to BUY!
IF again BTC gets rejected there then we need to prepare for the bad scenario.