bitcoinBulls, waiting for the break of $ 25,000 in , woke up with a bloody Friday.
As the bears press the price up to $22,000, investors are looking for an answer to the question of whether the decline will continue.
using the nickname StockmoneyL on Twitter. cryptocurrency analyst BTCHe commented on the decrease in .
Some names in the crypto industry yesterday after Silvergate, the cryptocurrency-friendly bank, did not submit its legal notices to the SEC in a timely manner. silvergate terminated its partnership with
Arguing that the events on the Silvergate front are the cause of the decline in Bitcoin, StockmoneyL stated that Silvergate liquidity concerns are the “short-term killer” of Bitcoin.
Silvergate concerns bitcoin Stating that he continues to put pressure on BTC, if BTC fails to exceed the $ 22,800 resistance, it will be $ 21,400. BTC He said it was the next level of support for
“Liquidity concerns about Silvergate have been a short-term emotional killer for Bitcoin.
If Bitcoin fails to surpass $22,800, $21,400 will be the next support level for BTC and Bitcoin will likely retest the 21,400 level.”
Silvergate bank liquidity concerns are another short-term sentiment killer.
If 22.8k cannot be overcome, we’ll likely retest 21.4k support level. pic.twitter.com/IKZ217vTGF
— Stockmoney Lizards (@StockmoneyL) March 3, 2023
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