BTC - 1D - AFTER CPI AT 7.7%
BTC created a short-term bottom after the last dump to $15,600 and went to clearly test our previous resistance, from which we expected a new bottom at the level of $18K. The price was rejected by resistance, the bulls currently need to gain strength in the next few days and close the daily candle, I would say at least above $18,500 so that we can continue further up
The FTX problem is not solved yet and we see a high volatility for some days. I think that this case will still have an outcome and a certain long-term impact on the market, maybe not only in a bad way, but also the stock exchanges themselves will certainly be more careful about the security of their reserves and tokens. Finally, a really big hat off to CZ and Binance for how they approached it.
SEE YOU SOON
BTC created a short-term bottom after the last dump to $15,600 and went to clearly test our previous resistance, from which we expected a new bottom at the level of $18K. The price was rejected by resistance, the bulls currently need to gain strength in the next few days and close the daily candle, I would say at least above $18,500 so that we can continue further up
The FTX problem is not solved yet and we see a high volatility for some days. I think that this case will still have an outcome and a certain long-term impact on the market, maybe not only in a bad way, but also the stock exchanges themselves will certainly be more careful about the security of their reserves and tokens. Finally, a really big hat off to CZ and Binance for how they approached it.
SEE YOU SOON
Note
11 NOV 2022Sam Bankman-Fried (SBF) resigned from CEO of FTX
FTX declares bankruptcy
FTX launched withdrawals
Note
14 NOV 2022We are still under 18K$, the bulls dont have strenght yet
Note
US CPI AND PPI RELEASE helped bitcoin get a little higher but the bulls still haven't shown their strength, we are currently around 16.5K
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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.