btc usdt update
Back to back two news "US Infrastructure Bill" and "Mr Gox Rehabilitation plan" create pressure on bitcoin. Its common in crypto, a chain of negative news published to pull back price.
As of now BTC got support at Daily MA 50 at $59100. BTC have also strong weekly support at $60000.
Onchain data is showing that near 25000 BTC out follow from exchange today. It can be either OTC buying or internal transfer.
RSI in 4 hr in oversold zone, indicate that BTC can took good bounce too.
On chain data also indicate that ETH supply on exchange drooping... We also saw 20%-40% correction in alts market. Market Should move neutral to bullish in coming days..
