#BTC Today Prediction & Analysis April 29'2024
It has been about 4 days after reaching $67k level BTC only moving around $62-$64k which I think it was unbelievable for BIG GUYS to take small profits as you can see from BTC trading data most selling orders right now is came from big orders
At first I was only thinking that BIG GUYS (whales/sharks or whatever you name it) only want to take BTC to re-visit $60k again so they can re-buy it but BTC had defend it price at $62k range twice but when I realize the end of April 2024 is near there is a reasonable answer for why BTC price only moving around $62-$64k
A whale like Greyscale can be managing other people money for some interest and just like other financial company they will need to paying interest rate for their investors which can be at monthly or yearly rate so they were in needed to sell their BTC stocks to cover the costs for the end of this month but they also know if they sell all of their BTC stocks there will be another BIG GUYS that will buying it including medium and small investors
While they selling their BTC stocks for covering their costs they will also try to create panic selling in hope if succeeded they can re-buy it at better price but as you can see now the lowest price for BTC still at $62k range and when this post being written it still moving around between $62400-$62500 while the lowest price at around $62100
So my analysis & prediction, there will still big selling orders happened until May 2024 is coming and while waiting for it you can playing short for BTC or other coins which moving based on BTC movements
As for me, I was disappointed because I'm not realizing it sooner if not I will not invest my money in #BOME #FLOKI #PEPE too early even when I think my investments will be paid off as I'm sure BTC will reach new ATH soon but I can't get more profits from swing/short trade đ
At least I had learning something from my mistake as people said "Experiences is your Best Teacher"
As always DYOR
God bless
