SEC Postpones Bitcoin ETF decision – Is Crypto Markets Over Sold
The prices of Bitcoin -3.23% , Ethereum -2.86% and all other major cryptocurrencies are sharply down Wendesday following an announcement by the U.S. Security and Exchange Commission (SEC) that they will delay the decision on approving the expected first-ever Bitcoin -3.23% .
Bitcoin -3.23% tries reaching close to its support at $6383 but bounce back as buyers interrupt.
( ) is on 30, offering “over sold” market signal, we are currently still waiting for another signal from of crossing the Signal one line. Once signal received, we might seeBitcoin -3.23% prices going back towards $6718 (Resistance 1).