🔥 China Banning Crypto FUD: 2 Weeks Later
Around 2 weeks ago China announced that they will ban the usage of cryptocurrencies, for the 10th time or so.
During this period a lot of investors were calling for the end of crypto and BTC back to 20k. On that exact day, I made the analysis below.
As seen in my previous China FUD analysis, China has banned or tried to regulate crypto many times, with little effect on the (long-term) price. Next time that China announces another crackdown on crypto, try to think of it as another possibility to buy in the market at a discount.
Since the China FUD 15 days ago, Bitcoin has rallied a massive ~29%, proving yet again that the sell-off was nothing more than a knee-jerk reaction to bad news.
Happy trading!
During this period a lot of investors were calling for the end of crypto and BTC back to 20k. On that exact day, I made the analysis below.
As seen in my previous China FUD analysis, China has banned or tried to regulate crypto many times, with little effect on the (long-term) price. Next time that China announces another crackdown on crypto, try to think of it as another possibility to buy in the market at a discount.
Since the China FUD 15 days ago, Bitcoin has rallied a massive ~29%, proving yet again that the sell-off was nothing more than a knee-jerk reaction to bad news.
Happy trading!
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