WHATEVER MIGHT BE THE MARKET REASONS AND CONDITIONS, NO MATTER, THE #BTC IS GOING TO $70000 - AND 2ND TARGET WOULD BE $62000. IT HAS TO COVER THE DISTANCE OF 38.2% FIBONACCI FROM ITS RECENT PEAK OF 108000$. I HAD BEEN CAUTIONED THE MARKET ABOUT THIS SEVERAL TIMES.

*Wow, Bitcoin (BTC) just dropped below80,000*, and there’s a *whale* who went long on BTC just 2 months ago that has now lost *over 17 million!* 😬 His liquidation price is *69,839*, and now the big question is: *Will BTC drop below 70,000 and liquidate this whale?*

Let’s break it down and see what might happen next… 👇

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*Current Situation*
- *BTC’s price has dropped below80,000*, causing panic for traders, especially whales who have heavy positions.
- This *whale’s liquidation price* is currently set at *69,839*, meaning if BTC falls to that level, his position will get liquidated, causing huge losses.

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*What’s Happening With This Whale?*
Don’t forget, whales often have deep pockets 💰. If the price gets close to their liquidation price, they *may add more USDT* or *open additional positions* to *lower their liquidation price*. This is one of the strategies they use to *avoid getting liquidated* when the price drops near their liquidation level.

So, *even if BTC comes close to70,000*, the whale could still manage to *stay afloat* by pumping more money into the position.

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*What’s Next for BTC?*
Let’s talk about *predictions and possible scenarios* for BTC's price movement:
1. *If BTC stays above 81,500* –
It *could* attempt a *recovery* towards *86,000 to 91,000*. 🔥 Bulls might push the price back up if there's support at those levels.

2. *If BTC breaks below81,000* –
BTC might continue dropping toward *76,000* 📉. Bears could gain control if the price fails to hold support at that level.

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*Key Takeaway for Traders*
- *Watch closely*: If BTC holds above *81,500*, we could see a rebound 💪.
- *Stay cautious*: If BTC drops below *81,000*, it could signal further downside toward *76,000*. Don’t panic, but keep your eyes on these price levels. 👀

As for the whale? He’s not out of the woods yet, but he’s got options to protect his position! 💼

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*What do you think? Will BTC bounce back or continue its downward trend? Drop your thoughts below! ⬇️*

$BTC
{spot}(BTCUSDT)
$XRP
{spot}(XRPUSDT)

#BTC #CryptoNewss #Bitcoin #cryptotrading