warns of a possible sharp drop in the value of Bitcoin, known as Flash Crash, followed by a quick recovery 📉📈.
According to the expert, there are signs of overheating in the market 🔥. He notes that the volume of margin positions and overall asset volatility is increasing 📈📈. History shows that during such periods, corrections become more likely and painful 😨.
Possible consequences of Flash Crash:
- A sharp decline in the price of Bitcoin by at least 10% could trigger a price drop in alternative cryptocurrencies by 20–40% 😱😱.
- The largest public holder of Bitcoins, MicroStrategy, may face significant losses in a bear market 📉.
- High volatility increases the risk of panic selling and exacerbates the correction 😨😨.
Forecasts and recommendations:
Michael van de Poppe emphasizes the importance of preparing for a possible correction to avoid panic during a decrease in asset value 📉👍. Despite the pessimistic scenario, the analyst believes in Bitcoin's potential 🌓. According to him, by the end of November, the cryptocurrency may reach the mark of $100,000 thanks to a sustained upward trend 🚀🚀.
The market remains unstable, and traders are advised to pay attention to risk management to be prepared for sharp price movements 🎰🎰#BTC #binance #Bitcoin #shiba⚡ #Shibalnu $SHIB