Bull Run Alert
As I predicted, BTC has surged from $58k! BTC has now liquidated almost all newbies and small accounts. The Fear and Greed Index is at 31, indicating a high level of fear and reluctance to invest. In the past four hours, BTC has pumped nearly $2k, signaling a significant bullish trend. Here are my two scenarios:
Scenario 1:
- If BTC has genuinely bounced from the $58k region, this is a bullish indicator, and BTC is likely heading towards $70k+.
Scenario 2:
- Manipulation:If this pump isn't genuine and the market is temporarily up, whales might dump BTC again, driving prices lower. However, the RSI suggests a limit to how low we can go, so whales may have pumped the price slightly for a lower low.
Stay vigilant and trade wisely.
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