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WILL $BTC FORM A FALLING KNIFE PATTERN?

WHAT'S GOING ON WITH BITCOIN?

There's a lot to be worried about if you're invested in BITCOIN

So here's your daily scoop! :

Bitcoin (BTC) recently dropped nearly 4% from $72,500

to just above $69,000, alongside a 5.5% dip in the overall crypto market cap.

This decline coincided with the Fear and Greed Index

reaching “extreme greed” levels,

which historically signals a potential market top.

By Friday, the index had moderated to "greed,"

indicating possible further corrections.

Additionally, bullish futures positions

saw significant liquidations, totaling over

$250 million across BTC, ETH, SOL, and DOGE futures.

Market sentiment has been largely bullish,

driven by factors such as global monetary policies

and U.S. political support,

with some traders targeting $80,000 for

BTC in the coming weeks.

Historically speaking, after the $BTC halving usually

BITCOIN experience price surge in later months,

momentum which we started to see in October,

as BITCOIN surged from $58,530.13 on the day it was halved to

$73,660 couple days ago.

This is to say that BITCOIN is following the anticipated

movement and market sentiments surrounding its growth

are well adopted.

Therefore BITCOIN may not form a falling knife

Pattern after all, and if it did then it will be

truly devastating for investors,

and on side note bull run is just getting started.

Are you ready to make new highs with BITCOIN

in coming months?

Let us know in the comments if you think BITCOIN

will surpass 80K by end of this year.

It's advised, to do your own research before

making any investment decisions or consult

a financial advisor, because market volatility

may lead to significant loss.

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