The specter of China and its crypto ban may have just finally left Bitcoin markets.
It’s also a potential reason for optimism going forward as the Chinese exchange overhang will be cleared from the end of this month.
"I think this probably explains why we’ve seen Bitcoin typically trade weaker over Asia hours vs US and European hours," Blockstream analyst Jesse Knutson wrote in the firm's latest"It’s also a potential reason for optimism going forward as the Chinese exchange overhang will be cleared from the end of this month."On shorter timeframes, thin holiday liquidity could provide another reason to discard price dips like the one seen Friday.
I'm not very confident in the direction of this flush. Don't think it's as clear as late July for ex. Just know it will come. This is why I've been advocating to have clear invalidation points. $53K served well in not buying the top on Monday.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin to the Moon?: 5 BTC Predictions for 2022 | CoinMarketCapAfter reaching all-time highs of $68,000 in 2021 — what's next for Bitcoin in 2022? 🤔 Check out the top Bitcoin predictions right here! 👇
Read more »
Bitcoin price fell short of analysts’ $100K target, but what about 2022?After this year’s monster rally, Bitcoin’s price is at a critical juncture. Analysts expect $100,000 in 2022, but what does technical analysis suggest?
Read more »
Start 2022 Out In Style With These Chic Cool Toned Hair Colors | Fashionisers©As the season changes, the new one often comes with the inspiration for a hair change. Moreover, swapping up the cool toned hair colors can often be
Read more »
Start 2022 on the Right Foot With Nordstrom's Best ShoesLet's be honest: whoever coined the phrase 'new year, new you' was definitely was definitely talking about their closets. We mean, there's truly no
Read more »