Bitcoin technical analysis vs. negative news
In the last 2 days, the BTC/USD pair is in a big downtrend, that is a fact.
Everybody talking about manipulations, the Goldman Sacks "fake news", trying to figure it out how the crypto market can lose 35 billion dollars from capitalization in this short term.
I think is not about the news, is can be more simple
Let me explain my vision about this fall:
Technical analysis:
As you can see, the BTC/USD pair have a nice cycle sice January.
The last two days fit there, so nobody has to panic about this downtrend.
Levels, buyers:
Why people trading crypto?
Because of the money!
I'm a big fan of the blockchain technology and the cryptocurencies, but as any market, the crypto is about the investing and the profit.
Look at this chart, and think about that line what I drawed there.
I just give you a hint: THERE IS THE MONEY!
Big investors and traders, just waiting that point.
That is the lowest price since november of 2017, when the crypto made a crazy rally.
So there is the target price for a lot of whales, just be patient and you will see a big boom from there.
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