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Kri
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#Bitcoin just closed the weekly candle below $60,000 for the first time in the past 4 months. The price has dropped by -27% from its ATH, marking the biggest correction of this cycle so far. The next important support is at the upward sloping trendline coming from the $15.5k.
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Crypto was "over" many times: 2014: Mt. Gox collapse 2022: Luna collapse, FTX collapse 2024: Germany, Mt. Gox, more to come But after these manipulations, the real bull run began. 🧵: How market makers manipulate the market and how not to fall for it 👇
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#Bitcoin - Important weekly close The weekly close for Bitcoin is crucial as the price has broken down below the range after 125 days of consolidation When the price breaks out of such a significant consolidation, it usually leads to a substantial move and continuation in the direction of the breakout. Two possible scenarios from here: 1) Reclaim $60,000 by the weekly close, and this dump will be considered a weekly fakeout, with the price running back to the range high $70k+. 2) Close below $60,000, leading to a move back to the old mid-range ($44,233) before any higher price action. Unfortunately, the bias is currently slightly to the downside as we are trading below the $60k area. However, once the price reclaims this level, we will see $70,000+ in no time.
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🚨 BREAKING 🚨 WHILE YOU WERE PANIC SELLING, SOMEONE BOUGHT 3267 BITCOIN WORTH $184 MILLION ON COINBASE WHALES ARE BUYING 🔥
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Fatpepe is hungry eating Dips, Zeros and the red Market
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