ESG, China, Fearing US banning Bitcoin is what drove BitcoinESG, China, Fearing US banning Bitcoin, Buffalo Herd Mass Shorting, and whole bunch of gloom and doom bitcoiin bashing from bitcoin media are what drove Bitcoin to a crashing bottom.
If you look deeply into all the fear that took place recently, it's now laughable.
ESG fear, people worrying holding or buying Bitcoin might run into some sort of crypto banning from the US gov't.... which is a total nonsense.
NEWS JUST OUT...
Biden's 2022 Budget includes New Crypto reporting proposals. All the fear of US banning crypto just got lifted .............. Bitcoin is here to stay and ESG won't be the main topic anymore.
China, which is old recycled news.. only have a 1 day impact on Bitcoin prices.
The Buffalo Herd Mass Shorting of Bitcoin hit a brick wall and now provided great buying opportunity for all the people that was sitting on the sideline. The attractive OVERSOLD TERRITORY now provided another great support for bitcoin prices. As you can see, these short sellers are living in their own pipe dream thinking it's 2018 all over again... dreaming bitcoin will crash and burn and they going to make a killing. Bitcoin Media are usually paid by the short sellers which explains why everything they say about Bitcoin are all negative.... total bias reporting paid by the short sellers.
Let's look at the bigger picture now.... NO US BANNING OF BITCOIN OR OTHER CRYPTO.
BIDEN GOING TO BE SPENDING $6 TRILLION IN INFRASTRUTURE SPENDING......... this is a greenlight to buy bitcoin................... short term, Bitcoin heading back to the $50,000 level again.