BTC Price Alert! Buy or Sell? Revealing Entry Points for Bulls and Bears!
According to my observations, BTC has experienced 5 upward and 5 downward movements this year. The last situation is a bit different; you can understand it by looking at the chart. Previously, before BTC would rise or fall, there would be some fluctuations, but this time it has been completely quiet. Therefore, I believe there is a 90% chance that BTC will reverse before reaching $64,000, then surge to between $72,000 and $75,000. Although this did not happen this week, it might occur two weeks later, after the elections. The market is quite chaotic before the elections, and BTC hasn't even touched $70,000, which is quite puzzling.
Why is the market so stable?
The Chinese bank has cut interest rates, which is one reason. Looking at the weekly chart, most traders are choosing to buy at low prices, purchasing pressure has increased by 3%, and the U.S. stock market is also quite stable. These are all good things.
But there are some less favorable news as well; the U.S. might also cut interest rates, and although the stock market indices haven't changed, many company stock prices have dropped, causing some anxiety in the market. The Middle East has also announced plans for war, and there are rumors in the market that the situation is not good. These are the reasons the market is currently stable as a rock.
However, investments within 24 hours are still rising, which is quite unexpected. Therefore, the price has not dropped below $64,000 to $65,000, nor has it risen above $69,000. For those looking to buy, $65,000 to $66,000 is a good time; for those looking to sell, keep an eye on $69,000.
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