A healthy pullback after #Bitcoin went up 39% in 17 days. Just HODL ✋💎🤚
This is my opinion but we have to face the fact that too much is going on like the last one 💥BREAKING: US Federal Reserve has banned staff from trading #Bitcoin, crypto, stocks, and bonds
Some say is good news some say that's bad I think that we have specific crypto risks. Mainly around regulation:
- Biden's Exec Order
- Treasury overreach
- Stablecoin crackdowns
- Launch of CBDCs
In my mind, a lot of it is a global macro that leads to a selloff in "risk-on" assets:
- More aggressive Fed Action
- War in Ukraine
With Bitcoin Fear and Greed Index is 30 ~ Fear
we should watch out for the 39k that is a very important support for BTC
Source
But as- Kevin O'Learly, Shark Tank said
#Bitcoin can hit $300K once regulators clarify rules so institutions feel comfortable buying.
Hope for the best guys and Don’t let them shake you out.
Just HODL #Bitcoin