Top crypto news and Bitcoin update!!!
🤓Crypto Markets Slump Following SEC Bitcoin ETF Delay
🤓Crypto-Backed Loan Provider SALT Expands to 35 US States
🤓Bitcoin-Friendly U.S. Senate Candidate Austin Petersen Loses Republican Primary
🤓White Hat Hacker Finds Major Vulnerability in Ethereum DApp Augur
BTC UPDATE
Here we have my 1 hour-chart, a daily chart with my tentative explanation for this whole movement.. $BTC has broken the 6450 and has tested 6150.
Bitcoin price on the daily chart is still a higher low, hovering just above July 12th’s pull back to $6070. Oversold RSI level matches June 28th level, just before bull run up to $8500.BTC halving line is respected while no other ccy's difficulty is charted/considered by traders perhaps because the BTC miners are the only nominally significant pool.
The volume is slowly building up and the MCAP charts looks like it is bottoming out on the daily. $BTC will need to turn the market around again.
In the short-term there is definitely waning momentum on the USDT/BTC chart though.
★Smaller candles
★61.8% retracement directly overhead.
★Previous failed attempts forming strong resistance there as well
"99% of all price action is captured by these bands. Approaching the bottom of the band on 1d chart, around which point RSI will also be near yearly lows
Once again the market sank on a non issue. The approval of the VanEck SolidX Bitcoin ETF has only been postponed to November 30th. I think whales are now riding the news of the decision and crashing the market to buy cheaper bitcoins later...
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Where is btc going now. What do you think?
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