Quote from: jaberwock on Today at 04:41:50 PM

Quote from: Chainsmokers on June 17, 2023, 10:20:23 AM

Good news is getting more and more coming and I'm sure the Bitcoin support level has been reached at the end of 2022 which reached $ 16k,
and now the bitcoin price is still above $ 20k I don't think this year has touched a new support level anymore but we in 2023 can reach this level resistance,
moreover Good news from China can be a booster for the crypto market.

I think you are thinking about the Bitcoin halving because we are getting closer to it and many people feel bullish about it. There are other good news too like the China re-allowing cryptos but I think that wasn't new anymore. As of now, we mostly get a bad news about the crypto regulations and targeted country was the US.

Let's just hope that it won't escalate from banning the cryptos there because that will make the price dump even more. Each year, there will always be a support level for the crypto prices. In 2022, it was $16k but this year I think it was $27k so far although this might change later on because we still have more months left to finish the 2023.

In the last few days there has been talk everywhere about blackrock and new etf. I think that is the best good news in a while. These guys have been buying cheap bitcoin and will soon be selling it at inflated prices. The price has bounced back nicely today. If buying volumes show up soon, we can expect a new rally for bitcoin. There is really a lot of positive news so far.