Everyone has fallen into a funeral atmosphere in Bitcoin, but I’m not quite that pessimistic yet. We’re still holding above the 75,750 USD moving average. Looking at the chart with a broader perspective, we can see that similar levels in the past have often been turning points. Yes, fear is high in the market. Yes, the decline is frustrating. But the picture isn’t yet so dire that we should abandon all hope. I’m still keeping the possibility of a reversal on the table. As long as we don’t lose this critical level, it’s still too early to give in to despair, friends.
