$BTC sold off quick on tonight’s Strategic Reserve announcement, but I’m wondering if this isn’t a stealth buying opportunity.
$BTC is hovering around an upward sloping 200 day moving average. Chop around is here is definitely possible, but the delta between current price and the moving average is about $4K, or 5%.
I’m adding a little right here on the possibility that tonight’s action wasn’t a quick shakeout. We’ll see..