A successful downward break of BTC from 60,500 could result | Emperorㅤ sur Binance Square

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A successful downward break of BTC from 60,500 could result in it reaching the 58k or 59k level. Let's see what happens next.
$BTC #EmperorMajesty 

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🚨🚨🚨 BAKE must not go down to 0.2650. If that happens, it may probably go straight to 0.2474, which means encountering another resistance. At this moment, we don't want any type of additional resistance. If it happens, it may ruin our targets. Why? Because if BAKE goes down to 0.2474, then whenever it goes up, it will face resistance at 0.2650, resulting in more waiting time to hit our targets. For now, the selling pressure is too high—even when BTC goes up, BAKE stays there, and when BTC goes down, BAKE goes down but not too low. Last night, it went down to 0.2474, but at that moment, we saw very high buying pressure that kept the price of BAKE in the consolidating area. $BAKE #EmperorMajesty

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📈 BAKE, BAKE, BAKE..!! It's been almost 68 hours since $BAKE has been consolidating and seeking support at the 0.2650 level. A few days ago, it reached 0.52, but since then, it has been slowly declining, eventually reaching 0.27 before starting to consolidate. I still believe that $BAKE is gaining strength and will soon move upward. The possible targets are 0.33 and then 0.4. If it successfully breaks these levels, we may see it rise even further. #EmperorMajesty $BAKE #BAKEUSDT

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📈⬇️ A successful breakout above 3400 could potentially approach 3600, assuming BTC remains stable. #EmperorMajesty $ETH $BTC

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🚨⬇️ Will BTC break 60,500, or will it retrace back? Keep an eye on BTC...!! $BTC #EmperorMajesty #MtGoxJulyRepayments #CryptoPCEWatch #BTCFOMCWatch #btcupdates2024

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🚨 Bitcoin Market Analysis 🧾⬇️ On May 11, 2020, the Bitcoin halving happened without triggering a bull run. BTC continued its usual patterns until January 9, 2021, when it started to rise, lifting altcoins with it. From January 9 to May 15, 2021, altcoins surged to new highs. However, on May 19, 2021, the market crashed, and fear spread, causing massive selling. The market cap of altcoins dropped from $2.47 trillion to $1.76 trillion, and by July, it fell to $1.24 trillion. From July 20, 2021, Bitcoin began to climb to new highs, and by September, the altcoin market cap reached $2.32 trillion again. The momentum continued until November 13, when the market hit an all-time high of $2.97 trillion. After that, the market declined, dropping to $1 trillion by March 13. This cycle coincided with Bitcoin's halving season. Analyzing Bitcoin prices, the last time BTC reached an all-time high, the RSI was very high, touching 90. After four years, it reached an ATH again with a similar RSI. The 2020 halving saw BTC rise to new highs, but it took about eight months for the bull run to start. So, while the bull run may have started, it's unrealistic to expect Bitcoin to quickly reach 80-100k. Influencers pushing these predictions are just seeking views. Currently, BTC is at stake. It's going down, and I stand by my prediction. If it goes up, I'm wrong, but I still believe BTC will dump again. June 27th, 28th, and July 1st are critical days with upcoming news that will affect BTC. For now, BTC is declining, and there's a lot of uncertainty. #EmperorMajesty #CryptoPCEWatch #CPIAlert #BTCFOMCWatch #btcupdates2024 $BTC

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