Today's decline in BTC comes amid the most bullish sentiment for the asset since March 2023. At least this is indicated by#Santimentdata published by trader and cryptanalyst Ali Martinez (68.5 thousand subscribers).
Social sentiment around#BTCskyrocketed after Trump's speech. But for every Trump speech, there will be movements of confiscated BTC. And the distribution of another portion of BTC on the highs.
The BTC rate broke through the downward trend from ATH on March 14 and the fight is on for the volume level of $67,088. If the daily candle closes plus or minus at current levels, further decline will look like an ultimatum.
As long as the price is below $67,088, it is guaranteed to test at least the EMA of the 50-day TF, currently $64,240. As they wrote, $67,088 is the defining level for the bears. And if there is a breakdown, there may be a movement of several thousand dollars.
