⚡️ What is happening with #bitcoin ?
📉 All crypto is falling. #BTC - 7% other alts are in deep red zone - 15%-20%.
⚠️ Main reason of this fall is escalation of conflict between Israel and Iran. Consequences might be dramatic.
💡If you follow my posts you always see me writing :
p.s as I am always saying there are no 100% situations in #crypto , so it is always good to take profit from time to time and manage your risks.
📝 And now is happening exactly what I have been talking about. I was also mentioning black swans - so here it is...
❗Another thing that institutions are not trading on weekends. That's why there are no big capital to buy the deep.
❓So what will happen next?
📊 Everything is depending on political situation and how strong will be consequences... We see that $BTC broke major support level today. Yesterday it was defended by big buyers but again today they are not trading. If political situation will stabilise we might see, a lot of traders buying with good discount. If escalation get worse, there might be a possibility of trend change in case of consolidation below $60k.
⚠️ As I said no institutions on weekends, volumes are lower, volatility is much higher. It would be not surprise if price go deep down on the weekends and in Monday big investors will buy the deep out..
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