Bitcoin Again at $108K
The new week for BTC started with a drop to $108K, leading to liquidations that exceeded $395,000,000 in the last 24 hours.
⚡️However, the market continues to form a wave movement with higher lows, signaling the potential for growth.
🔼Meanwhile, futures on American stocks are rising amid the full disclosure of details of the new trade agreement between the USA and China.
🇨🇳The new trade-economic agreement between the USA and China has been officially confirmed by the White House. Beijing is taking a step towards easing pressure on the American market, while Washington is responding by reducing some tariffs.
📊According to the latest data, last month long-term assets worth $33 billion were sold in BTC. This is almost $1 billion of selling pressure every day. One of the main reasons why October has been bearish for Bitcoin.$BTC