Looking at the daily chart, we could see a huge bullish candle that took it from $53,000 to $62,000 and that's a huge imbalance or what ICT could call FVG.
So, what are we seeing today?
BTC dropping to $55,000 or lower
Are you buying or selling $BTC right now?
Please , this is not financial advice. Ensure you do your own research before investing in anything.
Bitcoin's recent decline is primarily attributed to a combination of factors:
👉👉 Macroeconomic Concerns 1. Recession Fears: Weaker-than-expected economic data, particularly in the US, has intensified concerns about a potential recession. Investors often move away from riskier assets like Bitcoin during economic downturns. 2. Interest Rate Hikes: Central banks, including the Federal Reserve, have been raising interest rates to combat inflation. This reduces the attractiveness of riskier assets