Well, once again the SEC has fired a shot that creates a crypto sell off.
The SEC is launching an investigation into CZ and Binance.
I really and truly hope that it is just FUD. It is hard to have faith that any of the crypto exchanges are completely clean, but I'm hoping CZ will be the outlier - cus, well the crypto market needs its.
A couple of days ago I posted about bitcoin being in a descending triangle (a bearish type pattern) and we would see find out which way price headed.
Consolidation leads to breakouts or breakdowns in general. This time we did get the breakdown and often a catalyst is the reason why.
So now all eyes are on the 25k area support.
