Today I feel a little shock about the price down on mostly alt coin. Actualy $BTC only down around 4% but alt coin down more than 20%. The trend #Bitcoin still bullish in my chart.
Then what causing this?
Gold hit new ATH, then gold are on selling pressure on the market makes Fiat pump hard.
You can verify to check all USDT vs Fiat.
On Forex Market they're closed at weekly, so you cant see whats happening on there.
Conclusions,
- BTC still in bullish trend so I think this not related about whales dumping bitcoin.
- Gold still in bullish trend, but many trader were shorting it.
- Fiat also bullish, but I think it only a short time. because fiat is too high, its not good for business, they're (banks) will be handle this on monday.
So let's see what will happen on monday. Sorry I couldn't put many charts here. you should verify this by yourself.
And also this analyst is based on my opinion. The data is based purely from the chart information. I don't know what happened out there, yeah we know that maybe there is many geopolitical reasons.