$BTC $58,000 is local bottom ❓
— Yesterday, #Bitcoin crashed below $58,500 due to HIGH Selling pressure and Mt. Gox FUD
Note: This is not the First time Mt. Gox FUD has dumped the market
⏭️ Around March 2023
BTC was trading at $22,400 and dropped to $20,000, which is the last bottom
⏭️ Around November 2023
BTC was trading at $37,000 and it dropped below $35,000 and never touched below that level.
⏭️ Around January, this year
BTC was trading at $44,000 and it dumped below to $40,000 which is the 2024 last buttom.
ANALYSIS: If history repeats itself, we know what happens next.
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