🧵 1/5 Bitcoin's price correction to $22K is likely, as derivatives show bearish tendencies. Sentiment worsened after SEC postponed ETF requests. #crypto
🧵 1/5 Bitcoin's price correction to $22K is likely, as derivatives show bearish tendencies. Sentiment worsened after SEC postponed ETF requests. #crypto
🧵 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.
🧵 Read more at: https://cointelegraph.com/news/bitcoin-futures-22k-btc-price-logical-step
Hmm 🤔
blunt truth 😩