Hello crypto friends, hope you're doing well!
Bitcoin has just broken 2 weekly lower highs in all Tether (USDT/USD) demoninated exchanges. The break is very likely caused by the fundamentals of Bitfinex, not allowing for fiat deposits, but much more important in my eyes, due to a lack of decent communication with customers, fueling the FUD massively.
This video will be a harsh critic of Bitfinex' policies over the past year, compared to other exchanges.
It's very sad, but it's not possible to do technical analysis under these circumstances, we have to wait for the situation to get more clear, as almost all of the Alts had been pumping due to correlation plays by the bots (probably some whales trying to get assets out buy buying Bitcoin/other crypto and transferring out of Binance/Bitfinex.
Have a great week! I will keep you updated.