Date: 2023-03-04T20:22:31Z Creator: Bitfolio Academy
While the Nasdaq was up 2%, yesterday, Bitcoin has fallen by 4% in the last two days, and by 9% in the last 10 days. Yesterday, BTC set a 10-day low, which indicates that the BTC price is heading lower.
The price decline in crypto is largely due to bankrun on Silvergate Bank. Silvergate was FTX and Alameda Research’s bank. As a result of the FTX failure, Silvergate lost over $8 billion in customer deposits.
To make matters worse, next Friday, March 10, is when the Mt. Gox Trustee will begin to repay $3.1 billion worth of Bitcoin to those who were affected by the Mt. Gox hack, 10 years ago.
While BTC is flashing sell signals on the 4-hour and 12-hour charts, on the daily chart, the Williams AD indicator still has not reached the sell signal. So, big kahunas will be buying the dip.
Sentiment for Bitcoin is very low, and my Bitfolio macro indicator is well below 50. So, I recommend caution.
Let me know in the comments. 🤔
🪙 Join My VIP Cryptocurrency Course (with a 30-day free trial):
https://en.bitfolio.biz/vip
💰 Join My FREE Discord Group:
https://en.bitfolio.biz/discord
🚀 Connect With Me on Social Media!
►► ► My LINK TREE ◄◄◄
https://beacons.ai/bitfolio
👍 JOIN Bitfolio Academy Coaching Community: https://bitfolio.biz/member
🔥 FREE Cyptocurrency Course: https://bitfolio.biz/course
💻 Bitfolio Academy Blog: https://blog.bitfolio.academy
💵 Send me a Satoshi: https://getalby.com/p/bitfolio
⚡️[email protected]
I help people invest in digital assets without undue risks or long-term time horizons, but I am not a registered investment advisor, nor a financial advisor. All of my videos are strictly my personal opinion and are not financial advice. Do your own research.
#bitcoin #btc #bitcoinprice #cryptoinvesting #investing