Bitcoin Weakness, One More Sell-Off?

[skrimon]

Let's face it, the volume isn't there. Retail buyers are broke, many die-hard crypto fans have been destroyed and the LUNA and FTX melt-downs absolutely killed sentiment and damaged the industry beyond any short-term repair.

Hash-rate is falling miners are going broke and bankrupt and retail credit card debt is at an all-time high.

I was looking for a pre-Christmas bull-trap, but we couldn't get the volume on the FOMC news of slowing tapering, nothing will do it now.

Big volume void between here and $10K...

Looking for that $9k-$10K entry to at least sell the bounce and be gone...

 

[Polakandil]

Bitcoin today's price is $16,822.81, but the level price still traded between 16k and 17k level prices. There is still full uncertainty of BTCUSD price possible drop to 10k level price.