฿ Bitcoin BTC/USD Daily Video, September 23, 2021

[Sive Morten]

Good morning,

Despite that BTC is showing solid upward bounce, we treat risks of return to 38K as significant:

 

[soul rebel]

Looks like news just out of China on crypto regulation and crackdown of mining may push BTC price down to the anticipated $38k region this weekend.......
If that happens I will be buying some of the alt coins recommended by Roger and maybe top-up some bitcoin also.

 

[Sive Morten]

Looks like news just out of China on crypto regulation and crackdown of mining may push BTC price down to the anticipated $38k region this weekend.......
If that happens I will be buying some of the alt coins recommended by Roger and maybe top-up some bitcoin also.

Yep Viresh, China Bank is forbidden all transactions in major cryptos. With this news, it is a subject to not get even deeper collapse.... I'm also watching for ETH weekly grabber now it is flirting at the edge...

 

[soul rebel]

Yep Viresh, China Bank is forbidden all transactions in major cryptos. With this news, it is a subject to not get even deeper collapse.... I'm also watching for ETH weekly grabber now it is flirting at the edge...

So, if i understand, you feel this news has potential to send price even lower than $38k?

 

[Sive Morten]

So, if i understand, you feel this news has potential to send price even lower than $38k?

Well, I think that this is not absolute new stuff, as China already set their position earlier, in May. So, I think that chances to get new lows around 38K are significant but I do not expect the break of long-term bullish context. We take a look at it tomorrow, but now it seems that butterfly appearance is highly likely here...