The bleeding market has now started to recover a bit and of course it is a good sign. This gives a hope that the price will rise soon and we will be able to make out good amount of capital gains. Now that there is some hope, we can think of buying some coins so for good times in future. BTC holding was, is and will remain the strongest of all the crypto currencies in the market.
Yeah and it seems to be becoming more and more resilient nowadays with the value being steady at around 6.5k. Good sign really if you ask me. I expected us to go a little closer to 6k or 5.9k with the etf rejection but it seems bitcoin doesn't really need that lol
Yes, it really means that the price around the $6300-$6500 has a strong support from traders. Its a good indication that we might have seen the last bottom for this year, although anything can still happens..
However, as much as the support is strong at that levels, resistance to $7000 is stronger as well. That's why we are just trading sideways, with no demand coming in. So I speculate that investors are just waiting in the wing for now because there's no movement whatsoever.
Nah, I'm not sold with ETF's, SEC will just throw it on the garbage because this market is not be prone to market manipulation.