🐝 #BTC UPDATE

Unfortunately, Bitcoin was not strong enough to hold the bear pressure caused by the recent news from the Middle East.

April turns out to be quite eventful month:

- Hong Kong SFC potentially approves ETF (15th of April)

- Bitcoin Halving (19th of April)

- Escalation of armed conflict on the Middle East (possibly this month)

Massive Bullish events overlap with Huge Bearish ones. That's why we need to take a look at the bigger picture...

...overall we can see a continuation of decreasing and another fake breakdown of the $60,000 support level. The shadow might even touch the $54,000 level (but chances are not that high).

What we can surely assume — retail investors will not hurry to put money into high-risk assets (crypto included) when the pease is at risk.

#BinanceLaunchpool #cpi #bitcoinhalving #BullorBear #Memecoins