After a week of pain, the Bitcoin bulls are pushing back. Perhaps many are realizing the pullback was a gross overreaction to ETF news from the SEC. While some argue that Bitcoin is doomed to fall to $4,000, we’re not so sure. We have to remember the SEC is still set to make its decision … Continue reading “Technical Analysis: Bitcoin Overdue for a Relief Rally”
Hester Peirce
Cryptocurrency Pullback was an Overreaction to Bitcoin ETF News
Author Ian CooperPosted on Categories Bitcoin, Cryptocurrency, ETFLeave a comment on Cryptocurrency Pullback was an Overreaction to Bitcoin ETF NewsApparently, we’ll have to wait just a bit longer on the Bitcoin ETF. The crypto-universe is abuzz with news the U.S. SEC delayed their decision on the fund. Unfortunately, that news helped wipe out over $9 billion of value from BTC. Still, there’s good news. For one, the herd overreacted. While much of the news … Continue reading “Cryptocurrency Pullback was an Overreaction to Bitcoin ETF News”
