#BTCBelow92K
Hello everyone
1. The first chart displays the percentage of Bitcoin supply in profit (blue) and loss (red) over time. It shows a dominance of supply in profit during price peaks and transitions as the market fluctuates between bullish and bearish trends.
Right now supply in profit touches more than 99%, and whenever this happens a quick flush usually happens .In my opinion BTC touches 85k in near time.So be careful in leverages .
2. The second image is a Bitcoin price chart with Fibonacci retracement levels. It indicates a recent dip, with the price nearing the 0.382 Fibonacci level (~93,800) as potential support, while resistance is at 0.236 (~96,150). 87000 to 85000 is 0.786 Fibonacci point and it's where a reversal usually happens .
