became oversold on daily and downtrend is becoming steeper.
We must bounce hard on the 300 day marked with white and an very old uptrend line marked with dotted green.
A lot of FUD is coming in and it looks like a very well coordinated attack on crypto as a whole. Every day there seems to be some news, and todays news is SEC, CFT Chiefs set for senate crypto hearing. And that means a lot of fear to the people.
But even if the trend breaks and the downtrend continues, they cannot stop the technology that is blockchain. And furthermore Bitcoin might go down even more, but that means it will just take more time to go back up. When stock market bubble popped and everything crashed everyone thought it was over. You only hear how the market crashed... But please, take a look at the same market today where it is compare to the peak before the crash.
For a few people reading this, thanks that my thoughts do not go in the thin air and if you like, put a thumbs up :)