$BTC Bitcoin could enter freefall zone if it falls below $ | TheFacts on Binance Square

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Bitcoin could enter freefall zone if it falls below $92,730 - key support level
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Trump hype and Correction The crypto hype around Trump is dubious. In a 2021 Fox News interview (https://video.foxbusiness.com/v/6257768965001), Trump called Bitcoin a scam. As the 2024 election approach, his rhetoric on cryptocurrency regulation has softened. He has won the sympathy of the voters from crypto industry by changing his statements about crypto. He is probably not a fan of cryptocurrencies at all, time will tell. In any case, the current crypto boom and excitement are artificial. ETFs and MSTR played a special role, making significant purchases. The first ones don’t risk their money, but invest the money of trusting investors. And the latter, in our opinion, are actually risking future bankruptcy if the price of the first cryptocurrency falls below $60,000. And again, everyone is buying Bitcoin to sell it later for a higher price. But will people buy it at $110,000 or $120,000 when all this hype is over? There is huge doubt. Over the past 30 days, long-term holders sold ~830K Bitcoins for ~$82B to retail investors (Cryptoquant). These retail investors may become "hamsters". The fact is that a correction is beginning, related to the negative military-political and economic situation in the world. Now is the best time to sell. Also https://x.com/realDonaldTrump/status/1149472282584072192 #DYOR $BTC , $ETH , $XRP

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$BTC #MicroStrategy ( #MSTR ) shares fell below $300 during after-hours trading on Monday, down 46% from their all-time high in November. The decline follows the company’s proposal to increase its stock shares by billions to support its $42 billion funding strategy amid concerns. According to Google Finance data, MicroStrategy's stock closed down 8.2% on Monday at $302.96, marking the lowest closing price since Nov. 8. The stock then further fell 3% to $293.59 in extended-hours trading. TheBlock. The problem, in our opinion, is that buying bitcoins on credit is the biggest absurdity. The company is approaching bankruptcy.

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