đš Urgent Market Update đš
Guys If You Have Read My Previous Analysis You Would Have Been in a Better Position. $BTC is at a very critical level now and if you act fast, then you can recover from this big Dump. We saw a lot of liquidations today and the reason why the market is dumping plus what comes next is our topic for today... Let's Startđ„
âš #BTC Price Action âš
In a few hours we saw a major selloff as BTC dumped from 58K reaching as low as 53K. The Liquidations today were major as the fear and greed indicators hit as low as 29 which is close to the Max fear zone.
$110 million liquidated from the cryptocurrency market in the past 60 minutes...
Who is selling?
The German government sold BTC in addition to Mt. GOX which lead to fear within the big investors, causing BTC price to drop significantly.
đ„ What is Next For BTC & The Crypto Market đ„
Simple and straight forward, the scenario is as follows and read this very well:
If BTC survives above $53,500 then we can see a slight recovery coming through, but if BTC dips below $53,500 and stays down then next level unfortunately will be 51K to $49K.
