SEC Chief Gary Gensler Called BTC, ETH ‘Not Securities’ in 2018
The SEC Chair said in 2018 that BTC, ETH, LTC, and BCH are “not securities.”
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The SEC Chair said in 2018 that BTC, ETH, LTC, and BCH are “not securities.”
Positive news about the collapse of China Evergrande and the Fed’s intention to continue with its existing monetary policy has fueled a strong rally in bitcoin and altcoin prices.
BTC and altcoins could enter a short consolidation phase before retesting their breakout levels, a sign that the current price action could be a buying opportunity.
Bulls set their targets on new highs now that the brief consolidation phase in BTC and altcoins appears to have ended.
BTC and altcoins are dropping to retest lower support levels and bulls have yet to buy into the current dip.
BTC and select altcoins dropped far below their strong support levels, a clear sign that the recent bullish momentum has weakened.
The strength in the U.S. dollar may keep Bitcoin and select altcoins under pressure in the short term.
BTC and altcoins broke below their lower support levels, signaling that further downside is the most likely short-term outcome.
Bitcoin and altcoins are attempting a recovery, but the bulls are likely to encounter stiff resistance at higher levels.
Bitcoin and altcoins continue to face selling at higher levels, indicating that the bears are not willing to let go of their advantage.