🛑🛑🛑 Bitcoin urgent urgent very urgent update 58k or 70k??
👉So everyone of you is finding the next direction of btc that will it dump below 60k or go to 70k or it will stay in range of 60k to 70k
🛑Market history
👉FIRST of all due to etf market pumped to above 60k but when many people saw btc going so up a large number of buyers comes and btc instead of staying near its original value 60k pumped to 74k in simple words btc was overbought
👉It needs a correction because it was continuously losing its power above 70k so it dumped from 74k to near 60k area where its original value lies
🛑 Current update
👉If you think market is recovered then you are wrong the pump you are seeing its just due to weekly closing bulls trying to give good weekly candle closing
👉The chanes of recovery will be high if it give closing above 68500 or 69k because 68k to 69k area is giving resistance
👉2 failed attempt to break this area
👉 Looking bearish on weekly time frame
👉So inshort this pump is temporary due to weekly closing if weekly candle closed above 68500 area or near then chances of soon recovery otherwise same like last 2 week pump or dump or even 58k
👉Currently btc settling down things after pump like price correction and retesting supports
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