you might think the price of $BTC $will drop to $85000 but I will leave my investment limit at $87500 long due to the number of orders that are going to be activated at that price ajajajaja 💀😂 ($85000).
**My vision on the future of Bitcoin: Why could it drop to $85,000 and then shoot up to $110,000?**
In recent days, the cryptocurrency market has been very volatile, ...
(much unnecessary text😂)
In summary, although the cryptocurrency market is inherently volatile, statements from the Federal Reserve and stop-loss hunting can push the price of Bitcoin down in the short term. However, history has shown that these corrections can be followed by significant bullish moves, which could lead Bitcoin to exceed $110,000 in the future.
So this means they created a false reversal confirmation to create more liquidity for long positions to have even more stop losses to hunt for before a reversal to the upside now, right?
don't worry, it will continue to fall $BTC , according to investing, to $90,000 or even $85,000
Yes, what you describe can be a common strategy in cryptocurrency markets. Often, large market players can create a false reversal confirmation to attract traders to open long positions. This can result in liquidity building up at specific levels, such as the $87,000 price you mention.
Once enough liquidity builds up and long position stop losses are triggered, the price can fall again, allowing these actors to "hunt" for more stops before an actual reversal. This dynamic is part of market behavior and reflects the manipulation that sometimes occurs in volatile environments like Bitcoin.