$BTC Market Update: A Potential Massive Crash Ahead ๐จ๐
As previously mentioned, we anticipated a significant crash for Bitcoin in Q4, targeting a range of ๐ $45K - $41K. To grab liquidity, $BTC is likely to break ๐คฏ $51K and descend into this range. However, this does not mean Bitcoin can't move ๐ upwards. When liquidity increases, Bitcoin tends to jump, liquidating big players, which is how trading works and exchanges make money. ๐ฐ
In the last 24 hours, we observed a massive ๐ reversal from the $63,400 range to $68K, indicating that retail investors are still in FOMO and not buying Bitcoin. There is a possibility of a fakeout ๐ to the $74K range, prompting retail investors to enter, only for Bitcoin to dump by over 30%. This is a typical market behavior.
Current Levels and Predictions ๐
Bitcoin is currently trading in the $66.8K - $68K region. If $BTC manages a 12-hour closing above $68,800, the next jump ๐ to $69,900 is likely, from where we can open a second short position as previously shared. The market remains uncertain, and trades are risky. Only active traders capable of managing their risk should engage. ๐๐ป
According to my prediction, Bitcoin will move sideways and downwards, while altcoins are expected to show ๐ green in the coming weeks. Bitcoin will continue to fluctuate within this range, presenting an opportunity for scalpers.
Altcoin Market Insights ๐ฟ
Many have requested altcoin trades, and we do provide 3-5 daily trades. However, we do not offer these trades on Binance Square due to platform restrictions and potential delisting of our posts. ๐ฐ
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