ππ«π²π©ππ¨ πππππ‘ππ« π π¨π«ππππ¬π ItΒ΄s a very Blue Monday indeed, with BTC having a hard time holding itΒ΄s head above the 42.5K level. Which is a key level to keep if it wants to trade to the upside. The weekend showed that retail is still supporting a 43K level, but the institutional bears are still trying to move BTC below 40K to create a better opportunity to buy-in. And they are having 2 more weeks to do so. The money currently ready to be invested is still on the balance sheet and needs to go somewhere, the rate hike the FED is promising might be interesting for some...but those willing to take a bigger risk are just looking for the best time to buy. Once the FED announces itΒ΄s plans on the 25th of Jan we will see the impact on the markets and stabilization afterward. That is the moment to determine if BTC truly will remain above 40K. Will 40K be the new 30K? I am not so sure, will 30K be the absolute bottom again....I dare say yes to that! #crypto #bottom #bluemonday #btc #noisecash
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