MADNESS WITH $BTC 🔴🔴🔴🔴
But even crazier than the drop we were managing from 75k in my channel 🥴🔥
WILL IT REACH 40K?
CLICK HERE TO OPEN THE SHORT AT #BTC 👇👇👇👇👇👇👇
It's pretty obvious that BTC is trending down, completely reversing the parabolic rise it had just a couple of months ago. REMEMBER, at the start, I saw a short-term upward movement that was also spectacular, that Long 🥴
The issue lies in two key price levels that it already broke: $65,725 - $59,900 🤷♂️
I was telling you something very curious, and that is that I never saw in #BTC the supposed rebound to 90k. 80k - 85k, sure, but the structure along with extraordinary market situations indicated it didn’t have much going for it to reach 90k and then 100k.
What we see is a beauty in this market because while I don’t care if it goes up or down, the fact that it’s dropping allows you to buy $SOL or even $SUI at discount prices in spot 🔥 (REMEMBER TO WAIT FOR THE DROP TO END BEFORE BUYING ANYTHING IN SPOT, DON’T BUY IN THE MIDDLE OF A DROP)
WHERE WILL #BTC GO?
Well, the 60k level I mentioned two days ago has been broken 🥴 now the price is between 58k - 55k. After that, we’ll see what happens, but remember that this artificially extended drop has to stop at any moment. I’m not saying this just because I want it to happen; it has to happen due to technical terms. All indicators are showing that the sell-off has reached extreme oversold conditions.
Now, will it reach 40k? That probability seems quite far for now due to the main support at 55k, but if it breaks that support, I think those 40k could get closer. However, it would be extremely bearish. If you ask me for a percentage chance, I estimate it to be around 15% - 20% chance of seeing that price 🔒
But even crazier than the drop we were managing from 75k in my channel 🥴🔥
WILL IT REACH 40K?
CLICK HERE TO OPEN THE SHORT AT #BTC 👇👇👇👇👇👇👇
It's pretty obvious that BTC is trending down, completely reversing the parabolic rise it had just a couple of months ago. REMEMBER, at the start, I saw a short-term upward movement that was also spectacular, that Long 🥴
The issue lies in two key price levels that it already broke: $65,725 - $59,900 🤷♂️
I was telling you something very curious, and that is that I never saw in #BTC the supposed rebound to 90k. 80k - 85k, sure, but the structure along with extraordinary market situations indicated it didn’t have much going for it to reach 90k and then 100k.
What we see is a beauty in this market because while I don’t care if it goes up or down, the fact that it’s dropping allows you to buy $SOL or even $SUI at discount prices in spot 🔥 (REMEMBER TO WAIT FOR THE DROP TO END BEFORE BUYING ANYTHING IN SPOT, DON’T BUY IN THE MIDDLE OF A DROP)
WHERE WILL #BTC GO?
Well, the 60k level I mentioned two days ago has been broken 🥴 now the price is between 58k - 55k. After that, we’ll see what happens, but remember that this artificially extended drop has to stop at any moment. I’m not saying this just because I want it to happen; it has to happen due to technical terms. All indicators are showing that the sell-off has reached extreme oversold conditions.
Now, will it reach 40k? That probability seems quite far for now due to the main support at 55k, but if it breaks that support, I think those 40k could get closer. However, it would be extremely bearish. If you ask me for a percentage chance, I estimate it to be around 15% - 20% chance of seeing that price 🔒