COVID19: US Regierung zieht Helikoptergeld in Betracht. Was bedeutet das für Bitcoin?

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After an extensive uptrend from a low of around $17,000, Bitcoin prices reached a resistance of $24,000. Prices could not break this area higher, which is why we assumed a retracement lower. Using the Fibonacci retracement, we delimited the following price targets:

• Normal case: $22,222
• Worst case: $21,196
• Extreme case: 20,371

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Well, there are many factors that contribute to the crash in the current crypto market:

1. From a technical perspective, prices were bound to retrace after an extensive uptrend from the low of $17,000
2. From a fundamental perspective, there is a lot going on in the market. However, the biggest being the SEC striking again as Paxos was ordered to cease minting Binance stablecoin. This comes after Binance halted withdrawals.
3. The judge that is on the FTX case extended SBF’s bail restrictions, adding question marks to the resolution of the collapse’s timeline.

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