Bitcoin: The New Year doesn't smell like a pump, but $90,000 is already in sight! 🎄📉
It seems that the "bulls" are tired and are now giving ground to the "bears". 🐂➡️🐻
What has already happened?
1. Historical maximum 📊:
On December 17, Bitcoin on the Bitstamp exchange soared to an incredible $108,446. Everyone was shouting: "Hooray, a new maximum!" 🎉 But the joy was short-lived - the price fell by 15%. 💥
2. Broke the bottom (almost):
Bitcoin bounced off the $92,000 mark, but the "bulls" did not have enough strength to hold on to the initiative. Now it is fluctuating around $97,000, but the resistance in the $97,500–$99,800 zone has become a real "wall". 🧱
3. Bearish trend:
Bitcoin has broken the uptrend line and seems to continue to fall until it reaches $90,000. As they say, New Year - new prices, but not the ones we expected. 😅
Why is it falling?
1. Overheated market 🔥:
Owners of almost 1.2 million BTC bought coins for around $117 billion, and now it is profitable for them to sell. And buyers are in no hurry - trading is weak. 😴
2. Outflow from funds 💸:
Bitcoin ETFs (this is like crypto-based stocks) have started to lose money. In two days, $957 million has gone - this is as if half the city handed over their smartphones to a pawnshop. 📉
📌I can just imagine how the altcoin will crumble 🤨