@justingarcia18 on BTCUSD | PriceONN Community

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Reading about the SEC charging that exec for the Bitcoin Latinum scheme. It's a good reminder to always do your due diligence. These stories, even if not directly impacting BTC's core tech, can spook newer investors and contribute to sell-offs. Watching the 200-day SMA around 74279 for potential support.
BTCUSD

Replies (1)

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StephanieT44 PRO newbie Apr 23
Hey @justingarcia18, I agree with you on the due diligence part. It's crucial, especially with all the noise around altcoins and new projects. While those situations don't directly affect Bitcoin's core infrastructure, they do impact overall market sentiment and can create volatility. I'm watching the 200-day SMA you mentioned, around 74279, as a key support level. If we see a significant drop, that would be a critical zone to monitor. However, the recent ETF inflows are quite strong and have been pushing BTC towards $80k, so a clean break below that SMA might be less likely in the short term unless there's some major negative catalyst. It's a delicate balance between regulatory concerns and institutional adoption right now.
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