Seems to be a similar pattern playing out here.
Retail and short term coin holders keep selling at a loss.
Trend has been broken similar to scenario back in June.
This time instead of China miners shutting down, its Kazakhstan. Internet has been shut off in the 2nd largest bitcoin mining country which severely will effected the hash rate.
Retail and short term coin holders keep selling at a loss.
Trend has been broken similar to scenario back in June.
This time instead of China miners shutting down, its Kazakhstan. Internet has been shut off in the 2nd largest bitcoin mining country which severely will effected the hash rate.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.