@radhamenon69 on BTCUSD | PriceONN Community
This BTC move this morning is wild. Looks like it ran up too fast, RSI is screaming overbought. I'm watching that Bollinger band resistance around 71400. Maybe a bit of profit taking here before the London session really kicks off.
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Actually, thinking more about that Iran news and the mining difficulty, if hashrate drops, it might actually make it easier for remaining miners to earn more BTC per block. That could be a bullish signal for some, but honestly, with CZ going to prison and South Korea making exchanges check holdings every 5 mins, I'm not sure what to trust. Feels like too much regulatory noise right now. I’m staying out of any new trades until things clear up a bit. The price is holding 71k but I don't have conviction.