⚠️ Warning: BTC Couldn't Break 66.8K – Whales Are Selling!
It looks like big investors ("whales") are starting to sell their Bitcoin as the price failed to break through $66.8K. With governments around the world enforcing strict monetary policies and limiting access to cheap capital, there aren't enough new buyers to drive a strong rally. Those hoping for a bull run may end up disappointed.
Personally, I’m expecting a major drop below $50K. I don’t see a true bull run happening until the U.S. Federal Reserve lowers interest rates below 2%, which likely won’t happen until after the second quarter of 2025.
For this big drop, the market might just be waiting for a major event. A war declaration in the Middle East, specifically targeting Lebanon, could trigger this. Lebanon is a recognized country by the UN, and any conflict there would likely lead to international support and military aid, making it a much bigger issue than Gaza.
Looking at the chart, it's clear that after a brief surge, a major downturn seems ready to happen.
Good luck, and stay safe everyone!#writetowin #BTC☀ #Write2Earn! #bitcoin☀️ #writetowin
