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The next few days and weeks will be extremely exciting to follow? How will the West react to this announcement? What is China's real position? Is this position in line with the blockchain philosophy of decentralisation?
At the price level, it is critical that the price stabilises at the current level and that purchasing pressure is maintained. A sign that would be extremely bullish would be the passage of the moving average of 20 days above that of 200 days (two indicators monitored by traders) and would indicate a very rapid trend reversal. Most observers are focused on these trend lines to make their choices. A crossing between these lines would, therefore, be beneficial and a break would probably see the price explode above $10,500. On the other hand, a violent correction could be observed if the current pressure was only punctual and the excitement quickly subsided. In this scenario, current supports may suffer.
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