As we all fret on the verge of what's going to happen next with BTC, the Fed, the SEC's decision on Bitwise's ETF, the US-China trade war, etc... It's good to also not forget how influential China has been in the news the past year. And not to mention, how influential China has been to BTC the past decade.
If we look at the charts of both BTC and the RMB, there is a peculiar inverse relationship between the two. Are we poised for the next divergence as we can see on the top right?
The BTC 21 D SMA just touched the 200 D SMA indicating strength for the bears...
And as we all know the macro environment isn't looking too pretty either...
If we look at the charts of both BTC and the RMB, there is a peculiar inverse relationship between the two. Are we poised for the next divergence as we can see on the top right?
The BTC 21 D SMA just touched the 200 D SMA indicating strength for the bears...
And as we all know the macro environment isn't looking too pretty either...