Post
Topic
Board Bitcoin Discussion
Re: Bad news always brings some good news!
by
Gladitorcomeback
on 06/12/2023, 02:12:39 UTC
As we all noticed, the market is quite bullish now, we hit $40k and it's already trading above that level. 

Yes every green candle fill my heart with joy. Yesterday btc hit 44k which is quite bullish pattern. The biggest resistance was 38500 which was hit with strong buying pressure. Now btc is stable above 43k and I hope If it doesn't dump sharply then next target will be 48k.

I said "bad news' because with this recent development involving CZ and Binance, this usually bring some negative sentiment but look what's happening, the market is going on the opposite side and it kees getting bullish.

So this is just my observation, like in the past, about exchange getting hacked, China FUD, etc.. it all resulted to a BULL RUN!

So is this guy? Tell me about your opinion about this....

As far as I know , CZ case doesn't affected market seriously. The reason may be the ETF rumors and other good news. Indeed this news strong btc lover more because they found that Binance shutting down or any bad news about centralized exchange will not affect btc badly. Now investors are putting money without any fear which is positive sign.