**BTC Market Update: Potential for a Major Drop 🚨📉**
We had previously forecasted a significant drop for Bitcoin in Q4, with a target range of 📉 $45K - $41K. To achieve this, Bitcoin is likely to surpass 🤯 $51K and then fall into this range. However, this doesn’t rule out the possibility of Bitcoin moving 📈 upward. Increased liquidity often leads to price surges, which can liquidate major players and benefit exchanges. 💰
In the past 24 hours, Bitcoin has experienced a significant 📈 reversal from $63,400 to $68K. This suggests retail investors are still acting on FOMO and not buying Bitcoin. There’s a chance of a fakeout 🛑 reaching the $74K range, which could lure in retail investors before a potential drop of over 30%. This is a common market pattern.
**Current Levels and Forecast 📊**
Bitcoin is now trading between $66.8K and $68K. If Bitcoin achieves a 12-hour close above $68,800, it’s likely to rise to $69,900, at which point a second short position could be opened as previously advised. The market is currently volatile, and only those actively managing their risks should consider trading. 🙏🏻
I predict Bitcoin will trade sideways and downwards, while altcoins are expected to show 🚀 positive movements in the near future. Bitcoin will likely continue to fluctuate within this range, offering opportunities for scalpers.
**Altcoin Market Insights 🌿**
We receive numerous requests for altcoin trades and provide 3-5 trades daily. However, due to platform restrictions and the potential delisting of our posts, we do not offer these trades on Binance Square. 💰
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BTCUSDT
69050
+1.99%
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