I think a lot of investors are starting to lose confidence again in a game that was already so easy to rig even before all of this. But with the crypto president at the helm now, it's pretty much the wild, wild west again. Adding to that is the level of grift we're seeing since he took office, not least with his memecoins previously. And all of this will go unpunished, unfortunately.
Now that we've gotten that out of the way, let's see what the chart has to say.
So, once again this puts another test of the key level on the agenda this week alongside the $80,000 mark again. Those will be the major points to watch from a technical perspective.
As US stocks are also being hit hard, particularly tech shares, there is scope for a deeper and sharper correction on the cards. The risk mood at the moment is looking rather fragile. It's high tide now in markets and that's a challenge for dip buyers to want to test out the waters.
This article was written by Justin Low at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Bitcoin falls back to test key level as the "strategic reserve" pump gets dumped )
Also on site :