@ShadowFax62 on BTCUSD | PriceONN Community
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Man, BTCUSD looks like it's all over the place this morning. Is anyone else seeing this big drop overnight? Seems like a lot of people are panicking. What's the general vibe out there right now, should we be worried or is this normal price action?
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Yeah, and thinking more about that Swedish and Hong Kong news, it's supposed to be good for BTC right? More companies holding it? But the price is doing the opposite. That's what's really confusing me. It makes me think maybe there's some big players manipulating the price down right before that new institutional money comes in, trying to scoop it up cheaper. Or maybe the news just isn't enough to counter whatever selling pressure is out there. Still trying to figure out how this all works.
Hey @ShadowFax62, I hear you. It's definitely choppy right now. The news about increased institutional holding is usually positive, but price action isn't reflecting it. I'm watching the 65000 area closely, might be a support zone.