Bitcoin daily
The US strategic bitcoin reserve announcement wasn’t the catalyst that bitcoin bulls hoped it would be. Instead, it’s created a flurry of ‘sell the fact’ trades that have it threatening the lowest levels since the election.
Bitcoin is currently trading down $3000 and just above $80,000. It fell as low as $79,370 a few minutes ago, touching a session low as broad risk trades are beaten up.
$78,273 was the intraday low in February and that’s important support from here.
Many ‘Trump trades’ have done a full reversal, including Tesla which is down 9% and is now trading below pre-election levels.
On the morning of the US vote, bitcoin traded at $69K but rose to…
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