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Bitcoin Price Depressed - Institutions Want Cheaper Bitcoin

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by COINS NEWS 69 Views

https://coinmarketcap.com/community/articles/64f1c964058553651d61eec0/

TDLR; The recent wins from Grayscale had triumphed and the SEC was labelled by the judge as “arbitrary and capricious”, bitcoin and the rest of the crypto market put on quite a spurt to the upside. However, this did not suit the institutional would-be buyers of bitcoin. If they are going to get in, then they are going to get in on the cheap. If bitcoin falls heavily from here and goes down to the test the lows and even below, many more retail investors can be flushed from the market.

What is your opinions about this guys? I dont believe us retail want to buy BTC in a higher pricepoint, so technically its a good news BTC continue this crabbing at below 30k. The longer it is, the more i can do my DCA weekly.

The moment the BTC ETF and the halving event happened, that might trigger a worldwide bullruns.

submitted by /u/simplicity92
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