The SEC’s attacks on crypto are finally having an effect. Bitcoin sentiment is sliding, and the price is down 3% today! Despite rallying over 100% since its November 2022 bottom, it looks like Bitcoin’s 2023 rally is coming to a grinding halt. For the first time since March, the daily chart is giving us a sell signal. If BTC dips below $27,100, we could see a plunge to $25,100.
The S&P 500 and gold have been strong, while banks and the dollar have taken a hit. But unfortunately, Bitcoin is still feeling the bear’s pressure. It looks like 25k is more likely than 30k as the Bitcoin price continues to plummet.
Let me know in the comments. 🤔
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#shorts #bitcoin #bitcoinprice #priceprediction #bitcoininvesting
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