Despite good news from Paraguay, the Bulls cannot deny the emerging death cross on 1D. The negative headlines from China are still current and many miners still need to relocate before we have positive fundamentals. This could take a few weeks.
The current buying attempts to move the price to the 40k mark are attempts to save the current short term trend, but if this is not possible, the bearish trend might as we see before continue. That would be fatal for the altcoin market.
The current buying attempts to move the price to the 40k mark are attempts to save the current short term trend, but if this is not possible, the bearish trend might as we see before continue. That would be fatal for the altcoin market.