Don't be surprised to see them try to take it down to the $8000 level. A couple of crypto hedge fund guys were tweeting that their models were indicating that level for reentry. It looks like BTC has entered a Distribution Phase. Once the CME allowed the Futures Contracts this phase was coming...it just remains to be seen how far it goes.
Don't be surprised to see them try to take it down to the $8000 level. A couple of crypto hedge fund guys were tweeting that their models were indicating that level for reentry. It looks like BTC has entered a Distribution Phase. Once the CME allowed the Futures Contracts this phase was coming...it just remains to be seen how far it goes.