Post
Maxwell Brodowski
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BearishThe Road to $90,000 🤔🤔🤔
On December 20, the price of Bitcoin, Ethereum, XRP, DOGE and many other leading digital assets by capitalization fell sharply. As a result of the bearish trend, open positions worth over $1 billion were liquidated.
On December 19, US Bitcoin exchange-traded funds (ETFs) recorded a record outflow of funds in one day — $680 million, according to SoSoValue. This put an end to a 15-day streak of capital inflows into US ETFs.
However, many investors see no reason to panic. For example, popular crypto blogger Crypto Rover believes that BTC will soon bounce off the local minimum and continue to storm new peaks.
A similar Bitcoin drawdown occurred at the end of last year. If history repeats itself, the cryptocurrency will continue to storm new peaks in the first quarter of 2025.
{spot}(BTCUSDT)
#BTCNextMove
#BTC☀
On December 20, the price of Bitcoin, Ethereum, XRP, DOGE and many other leading digital assets by capitalization fell sharply. As a result of the bearish trend, open positions worth over $1 billion were liquidated.
On December 19, US Bitcoin exchange-traded funds (ETFs) recorded a record outflow of funds in one day — $680 million, according to SoSoValue. This put an end to a 15-day streak of capital inflows into US ETFs.
However, many investors see no reason to panic. For example, popular crypto blogger Crypto Rover believes that BTC will soon bounce off the local minimum and continue to storm new peaks.
A similar Bitcoin drawdown occurred at the end of last year. If history repeats itself, the cryptocurrency will continue to storm new peaks in the first quarter of 2025.
{spot}(BTCUSDT)
#BTCNextMove
#BTC☀
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.