BTCUSD Reversal Zones
Major support zone starts from 4.1k - 5k; this was the region in which btc traded for a substantial amount of time
Minor support zone starts from the november low of 5.4k up to to the october's high of 6.45k.
There are good fundamentals for this continuation of the downtrend with the most significant one being the credit card bans by Bank of America and JP Morgan.
Traditional markets are not performing well with VIX spiking up to 37; smart money is sitting tight and enjoying the volatility in traditional markets.
Minor support zone starts from the november low of 5.4k up to to the october's high of 6.45k.
There are good fundamentals for this continuation of the downtrend with the most significant one being the credit card bans by Bank of America and JP Morgan.
Traditional markets are not performing well with VIX spiking up to 37; smart money is sitting tight and enjoying the volatility in traditional markets.
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