Good morning
Analysis of what happened in Bitcoin, as Bitcoin is the leader of the digital currency market, and all currencies are affected by the decline in Bitcoin, unlike previous years, when Bitcoin was rising, all currencies rose many times over.
When Bitcoin reached its all-time high of 98,588
Analysis of what happened.
The beginning of the downward wave that we warned about on the first day before anything happened. The market was in a great momentum and everyone was hoping that Bitcoin would break through the price of $100,000 and increase.
Market makers, or so-called whales, have a different opinion, contrary to the trend of news and rumors that they have been spreading since the beginning of November, that Bitcoin will reach $100,000, despite Bitcoin reaching nearly $100,000, a difference of $412. Here, people waited for Bitcoin to break the $100,000 barrier.
The market began to move in a straight line, i.e. no significant decline or rise, which continued for about 8 hours.
Here began the unexpected surprise for many
The first drop was from $99,588 to $98,284, then it rebounded to $98,847, then it dropped to $97,136, then it rebounded to $98,564, then it dropped to $95,734, then it rebounded to $98,871, then it dropped to $94,200. This was the most violent drop to occur until this article was written since the beginning of the downward wave.
Here we conclude that the whales struck their blow and created a state of confusion, sucking the traders’ money in a smart way, especially in the up and down deals in the futures or financial leverage, and many lost their money by liquidating their deals, down, then up, then down, creating confusion and instability in all digital currencies.
We advise against entering into buy or sell deals until the end of November, so that it becomes clear to those who do not believe that Bitcoin and all currencies are on their way to a major decline and will not even return to 90,000 again during the year 2025.
See the Bitcoin chart images
