š©ø Everybody alive?
Friends, hello, everyone. The market is rock bottom. Bitcoin has fallen below $60,000. I was expecting a further drop, but not that sharp.
Now we have two key levels ahead of us: $59,000 and $56,000. I think this corridor will be the turning point.
āļø If the $59.000 level will be passed easily, then after the breakdown of the $56.000 level I plan to catch a false breakdown.
By the way, if you pay attention to altcoins (like ARB, which I wrote about HERE), you will notice that they are standing almost in place. This means two things:
ā¢ Either a big player is buying all the sales from those who are panic selling
ā¢ Or the money from bitcoin goes straight into altcoins.
š In both cases, this means that money is flowing in. Yes, I would like to see a little more drawdown, so that more people would get out of their positions, but everything is ahead of us š„