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RE: Crypto Dives AGAIN? Trading and Some Warnings
The 10k line was sliced through in the last 2 pullbacks and didn't seem to be much resistance. Today, however, it seemed to hold.
When BTC was on the way up from $15K up to $20K, the move was too parabolic. This is a much healthier market and institutional market will be moving in.
institutional money is very cautious, if they do move in, why would they move into BTC?
the idea of institutional money moving in when there is so much uncertainty about the future of bitcoin and weather a coin that was created to be money will ever get the kind of backing that was once imagined, is no longer so promising imho.