The seventy five thousand dollar Bitcoin trap: are you being exit liquidity? $BTC
Bitcoin is getting close to the seventy five thousand dollar mark again. People are getting really excited. But here is the truth: while regular traders are buying into the idea that the price is going up big traders are moving their money into exchanges. This usually means one thing. They are getting ready to sell and trap people who buy late.
Things to know:
* Liquidation Heatmap: there are a lot of long liquidations just below seventy one thousand eight hundred dollars.
* RSI Divergence: Bitcoin is going up but it is not as strong as it was before.
* The risk of a price move: we might see the price go up to seventy six thousand dollars but then it will come back down quickly.
My opinion is that the price will go down in the term. I do not think the bull run is over. I think the price needs to come down a bit. Do not buy when the price is at its highest. Wait until it goes back down to seventy two thousand dollars before you invest.
Are you brave enough to wait and not buy when everyone else is? Tell me your plan, for buying Bitcoin.
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