$BTC #BTC #orocryptotrends
The mistake traders are making right now is assuming every sharp drop must be bought immediately.
BTC isn't just below one moving average. It's trading below the 7, 25, and 99-period averages on the 1H, 4H, and Daily charts simultaneously. That's trend alignment to the downside.
Could we get a relief bounce from 58k? Absolutely.
But a bounce and a reversal are not the same thing.
Until BTC starts reclaiming major moving averages, the market is asking traders a si...
Crypto Market Under Heavy Selling Pressure
The crypto market is seeing another strong wave of selling.
More than $450 million in leveraged positions have been liquidated within the last 12 hours, adding more pressure across the market.
Bitcoin BTC dropped below the $59K level, pulling major altcoins down with it.
Ethereum ETH, BNB, SOL and many other coins followed the same path as panic selling increased.
The main reason is simple. Too many traders were using high leverage, and once key support...
‘It Seems Like BTC is Going to Zero?’ Prominent Voices Explain Why Dave Portnoy Is Wrong
🚀 Bitcoin's price has recently dipped below $60,000 for the second time this month, sparking doomsday predictions from figures like Dave Portnoy, who questioned its legitimacy.
💬 Industry leaders, including Jack Mallers, defended Bitcoin's resilience, highlighting its historical ability to bounce back from pessimism and catastrophic events, asserting its value remains strong with a market cap over $1 t...