Attention all Bitcoin lovers! đĄ This week, there are 5 things you should know about the current situation of Bitcoin. đ
1. Price Action: Bitcoin faces the possibility of recording its worst month since November 2022, with a 12% drop in April. Selling pressure persists and the price is near 10-day lows.
2. Monthly Close: The April close is approaching, and Bitcoin is struggling to stay above key support levels. Can it avoid becoming the worst month of the year for Bitcoin?
3. Macro Context: Macroeconomic and geopolitical uncertainty adds more challenges for Bitcoin bulls this month. Can they reverse the situation?
4. ETF Launch in Hong Kong: Hong Kong is about to launch its own Bitcoin ETFs! This could have a significant impact on the market and institutional adoption of Bitcoin in Asia.
5. Retail Investors: Despite the price action, retail investors are becoming interested in Bitcoin again. Could it be a sign of optimism in the midst of uncertainty?
DYOR and like for more! đ„