#BTC is currently in final stage of its bearish triangle but not reached it’s bottom yet. The price is currently at 58500 but it will go down till 54000 and 50000 and after reaching that range BTC will go for a side way to accumulate liquidity for upward push. The final liquidation point will 49000 and BTC will make its possible bottom here. Currently everyone knows its downtrend and market makers also waiting for a catalyst to turn this bearish into bullish. It might be a ceasefire deal between US and Iran or something else. But without any news or catalyst, market can’t turn itself into upwards.
Moreover, there is already a lot of money drained out hence this bearish scenario can get weaker and weaker. If BTC closes below 49k on weekly then next target will be 37k.
At last this is crypto and its crazy ans volatile and no pne can predict the market so DYOR and bet into and please do risk management and use stoploss atleast.
Saving your capital is more important than proveing yourself right.
This is not a financial advice. DYOR
#Write2Earn
Moreover, there is already a lot of money drained out hence this bearish scenario can get weaker and weaker. If BTC closes below 49k on weekly then next target will be 37k.
At last this is crypto and its crazy ans volatile and no pne can predict the market so DYOR and bet into and please do risk management and use stoploss atleast.
Saving your capital is more important than proveing yourself right.
This is not a financial advice. DYOR
#Write2Earn