$BTC – The bulls are flexing to hold $64k! 🐂
Bitcoin just made a comeback from the bottom at $59k to $64,223, but the overall trend hasn't really flipped yet, folks.
The current price is just a technical rebound below the MA99 ($64,888). Whales are quietly accumulating, but this rally is mainly driven by derivatives.
Scenario: Breaking $65,500 will force shorts to cover, pushing the price up. Losing $63,000 will trigger a drop back to $61k immediately.
Are you guys leaning towards Long or Short right now? Drop your thoughts below!
Bitcoin just made a comeback from the bottom at $59k to $64,223, but the overall trend hasn't really flipped yet, folks.
The current price is just a technical rebound below the MA99 ($64,888). Whales are quietly accumulating, but this rally is mainly driven by derivatives.
Scenario: Breaking $65,500 will force shorts to cover, pushing the price up. Losing $63,000 will trigger a drop back to $61k immediately.
Are you guys leaning towards Long or Short right now? Drop your thoughts below!