As of this moment, everyone are panicking about Bitcoin as there is a potential Death cross about to form in the next few days. But technicals are not reliable as the momentum, trend and volume keeps changing and could reverse any time soon. What is reliable is an asset's fundamentals. El Salvador acknowledging and making Bitcoin the legal tender is just the beginning and a huge positive news for Bitcoin and crypto community as a whole. As more and more countries accept bitcoin as legal tender, Bitcoin will be able to fundamentally answer the reason for its high demand and reach great heights as it reaches the trillion dollar marketcap again.
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