Bitcoin is taking it on the chin today...

Mostly due to the Libra hearings that are taking place today.

You know, the one where Facebook must defend its Libra currency against the powers that be.

Many are fearful out there of the regulatory scrutiny that is currently taking place:

(Source:

https://twitter.com/Schuldensuehner/status/1186996735966662662

- Schuldensuehner

Where will prices stop?

I am hoping it holds up around $7,500, but I could see it going all the way to $6k.

If we break $6k to the downside, I would probably consider selling.

I don't want to see that level break.