🚨 Very Important Market Update 🚨 Recovery Started???
Guys I’m not trying to make a catchy title, I am very serious to let you know what is expected to be $BTC next move as the market is still unstable and don’t think we have reached the bottom yet. As we are seeing too much volatility and price fluctuations in most of the Altcoins, so what’s Next For #BTC & The Crypto Market? Let me Explain it in details🥂
✨ BTC Price Action ✨
BTC price is slowly dropping and this doesn't worry me a lot as we are still witnessing a selloff. As the price of BTC is now at $61,900 as we speak. I will give you the two expected scenarios:
🔺 Scenario 1: BTC continues to drop and Breaks back to the $60K level which can easily send the price to $56K and even lower.
🔺 Scenario 2: BTC continues pumping and the increases in a very fast way, taking out most of the above Short positions up to $67K.
🔴 Important: $10 Billion Dollars worth of short positions could be closed if BTC jumps suddenly back to the $70K levels.
🌿 Altcoins 🌿
Best Performing Coins:
$WIF with a +24% increase reaching $2.04 (Be careful from a sudden drop in price).
$NOT increased +16% and could still run today while it is sitting at a price of $0.0157 which I think it’s a good entry position if you are interested in buying.
🔥 Futures Trading 🔥
I don’t recommend any risky trades, unless BTC dips again and you try to catch the bottom and open a long trade, setting up a Stop Loss. Other than that just watch and wait for the best entry.
I would really love to see your likes, follows and comments as this will keep me interested to give you the best Crypto reviews 👍🏻
Best of luck to you All 🥂
