TSC Market Update
Bitcoin currently at its weekly support.
We predicted this correction in prices since past 4 month in our Server. The key factor here is we will wait for the weekly closing.
The Good news is that we have no major liq left at below prices.
We just have 6 Billion$ liq at 25000 (which is immpossible for BTC to hit currently)
We have 3 Billion$ liq at ATH which is good market should pump eventually and starts the Bullrun.
These are the reversal points for BTC :
50100
45000
Why we are still Bullish?
BTC is Always Bullish even when we call 16000 a bottom even at that time we were Bullish. In past 4 years market never turned bearish.
1) Micro-strategy is just buying.
2) Salvador is buying BTC everyday.
3) ETF adoption just started.
4) Blackrock buying every dip.
5) Cuts in interests.
6) Stocks market breaking there ATH.
So, what's going to happen now!!
Our analyst and few majors traders are expecting a bounced back of the prices from 45000 max pain can be 40k if we expected a wick.
Market may give 1 more opportunity to retailers means market will pump and again takes another correction breaking 50k level.
Then at 45000-40000 we will starts seeing recovery yeah that will be a 'V' shaped recovery
Hold your mid term positions we are not visiting 30k anytime soon or may be never
Then why market is dumping so hard??
1) Before every bullrun and after halving market gives final shakeout to kick retailers and grab the most liquidation.
2) July is the month for major companies which shows their yearly progress. causing market to shake.
3) ETH ETF delayed causing market to fluctuate a little bit.
4) Many Crypto companies & Mutual Funds got liquidated in many trades during past 2 months. Market always goes towards liquidation. those liquidation were worth over Billion$.
5) Michele Saylor is reducing their BTC holdings.
6) CEX are getting out of Bitcoins (todays report) and we already shared this 2 months ago. They will liq max people to survive for next 1 year (bullrun). After that bears will take over the market and they can easily survive for next 4 years.
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