You are viewing a single comment's thread from:

RE: LeoThread 2023-09-05 00:25

in LeoFinance • last year

🧵 1/5 Bitcoin's price correction to $22K is likely, as derivatives show bearish tendencies. Sentiment worsened after SEC postponed ETF requests. #crypto

Sort:  

🧵 3/5 Morale of cryptocurrency investors is low as S&P 500 nears all-time high, gold struggles, and halving approaches.

🧵 2/5 The failed attempt to reclaim $28K support and ongoing regulatory actions against exchanges are impacting Bitcoin's performance.

🧵 4/5 Some attribute Bitcoin's decline to regulatory actions against Binance and Coinbase, with rumors of a criminal probe against Binance.

🧵 5/5 Analysis suggests spot ETF approval could outweigh regulatory impact, but overlooks declining US inflation and reduction in Fed's assets.

Hmm 🤔

blunt truth 😩