Wiped off !!!!
Hello everyone.
Hope you all are doing great. Just got back to share a great insight on what Bitcoin is doing.
Have you noticed the candles nearby the 74K region to 64K region. Clearly trend has been downwards.
Now let's keep real world news vs the price action at that same time.
When Bitcoin topped or went to unchartered waters (before the halving) the price dropped down from 74k to 69K. Trend downwards
When halving happened and rewards were seen to be halved. Miners bleeded thinking about future (keeping on mind Bitcoin price never broke them apart from the 2013 bubble which happened due to ban on mining in China and other countries ).
Price dumped from 69k to 59K. Downtrend continues.
When ETF launched in Hong Kong and ETF launched on general. Price dumped from 65K to 60K. Downtrend continues.
Nearly in the last 24 hours 24.99% total Marketcap has decreased or seen outflow.
Volatility is so important to push the price action upwards.
For me the trend says it will go down more.
I wont give financial advice. But I'll provide a warning to people who follow me.
When you trade , keep room for the unexpected imo.
