Despite Negative News And Headlines, Bitcoin Price Moves Higher
Negative headlines, be damned….Bitcoin cares not
MACRO STRENGTH: BITCOIN’S PRICE MOVES HIGHER DESPITE PLETHORA OF BAD NEWS
- Bitcoin faced some intense selling pressure yesterday evening after news broke regarding the founder of OKEx being arrested by the Chinese authorities
- This is simply another set of news that has rocked the crypto market, but its impacts on Bitcoin’s price action has been surprisingly muted
- It does not appear that investors aren’t too concerned that the prospect of OKEx users losing their BTC will strike a blow to the crypto’s technical outlook
- Some analysts are even spinning this as a bullish possibility, as 200,000 BTC is locked within the platform
- One trader is noting that Bitcoin’s strength in the face of bearish news surrounding exchanges seems to indicate that its macro bullishness is growing
https://bitcoinist.com/macro-strength-bitcoins-price-moves-higher-despite-plethora-of-bad-news/