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MihaiDanielBMK
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This is not bear market, this is a masive squeeze! Relax, your wallet will survive!
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.
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MihaiDanielBMK
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If you are bearish today , wait a bit, let’s see how bitcoin plays the 57.000$ level first , on the upside a lot of shorts can be wiped out, a lot! I loading long spot position target 61.000$
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Crypto market have only 3 phases : the one when you buy , the one when you wait and the one when you sell, most people do not know when it is time to buy and when to sell, most people wait to long because they buy in the wrong time
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Bitcoin x-ray of money right now: $1.5 billion short positions will be liquidated if the price rises to $65,000, $1.6 billion long positions will be liquidated if the price drops to $54,000, the chances of this huge liquidity being ignored are minimal. The only question is where they will take the market first
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Bitcoin at the moment is very volatile, we warned in the morning about this risk, if the area of $58,000 $57,000 is lost trouble may follow.
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Support and resistance is the name of the game , over 130 days the level of 60.000$ was a major support levels for Bitcoin , now it is a resistance. If it will not break this level we might see lower lows soon
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