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INDEPENDENT CAPITAL BLOCKCHAIN FUND
18.10.21

BTC is so weak that we can await a massive sell-off upon the SEC decision on either day

What kind of market reaction are you waiting for in response to the forthcoming SEC decision today, tomorrow and on the 25th? Most likely negative taking into consideration where BTC is at the moment. Overnight the price has painted the local swing low @58950 and that is exactly the level starting from which the bulls’ problems might begin. Lower than 58950 the bears are again in power after they will have locked the 4000-dollar “sweet zone” full of greedy “fresh meat”. Alternatively, not only the absolute new high needs making but also price strengthening above it.