Bitcoin in red while China is going against crypto

It acts sideways after the People’s Bank of China (PBOC) has announced that all crypto transactions in China are illegal. The wave effect of this announcement will hit the crypto market and can lead to a certain volatility. has dropped by 10.50 % in the last 30 days. Bitcoin was traded lower in the 4-hour chart, but is still acting in the neutral zone. This is a key area for wave C, but if we see a strong recovery and recovery at $ 49,000, the bulls could only be back in the game. However, retailers should continue down, within the wave C and in ...