Boom we have Bitcoin ATH just from election news , this is n | MihaiDaniel en Binance Square

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Boom we have Bitcoin ATH just from election news , this is not the final Top this area might be the future bottom ✊

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Attention Bitcoin is not in a Bear Market, a 20.9% correction is very common in both Bull Market and Bear Market, in 2024 we had at least 5 20% corrections. Although it seems like the end of the world, it is not! Take care of yourself, Don't Panic!

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Bitcoin is at the values of November 14, 2024, at this moment we have a lower low, that is, a minimum for 2025, the value of $86,888, when the fall stops we will have a reaction in the opposite direction, a very likely pullback to $92,117, the area that was support in January, it is critical that bitcoin closes today above $90,000

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Bitcoin had a rough night, at this moment the macro structure is being tested, a close on the 24-hour charts below $90,000 would be a signal that this down trend could continue. The correction is not yet complete. Below in the image you can see how the liquidity is distributed.

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This in not a dezastre, this is not the end of the crypto market , this might be the starting of a new page. The crash from last hours maybe is the price for Memecoins euphoria, maybe is the price for the daily hacks that are in this space , maybe is also a sideways consolidation for Bitcoin , for sure some market manipulation but for sure is not because one single event, it is a mix

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Bitcoin is playing dangerously in the support zone, $94,700 is a zone tested 7 times in February, if we lose support the next zone is at $93,650. The sentiment is bearish but the danger is not that great, at least as long as we are above $94,000 we are in the safe zone

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