#Write2earn #Bitcoin Faces #Downtrend : Will the #Correction Continue? #BitcoinBloodBath $BTC

According to a strategist from LMAX Group, significant Bitcoin investors have yet to initiate purchases during the recent dip, suggesting a potential continuation of the correction period.
Bitcoin's price plummeted below $60,000 during Wednesday's U.S. trading session, erasing the gains it had made since Saturday's sell-off. Despite briefly climbing above $64,000 earlier in the day, Bitcoin dropped to $59,900, marking a more than 3% decrease over the past 24 hours and its lowest point since early March. Meanwhile, Ether, the second-largest cryptocurrency, also experienced a decline, falling below $3,000, down by 2.5% over the same period.
The downturn extended across most cryptocurrency markets. Today's downturn underscores the cooling-off period for cryptocurrencies following a months-long rally that peaked last month. Bitcoin has retreated by more than 15% from its recent all-time high, while some altcoins have pulled back by 40%-50% from their peak levels, aligning with historical patterns observed in previous crypto bull market pullbacks, as per Glassnode data.
Analysts interpret Bitcoin investor behavior as an indication that market weakness could persist for some time, as significant holders have yet to capitalize on the current dip at current price levels. Joel Kruger, a market strategist at LMAX Group, stated in a Wednesday market update that recent blockchain data reveals large Bitcoin holders refraining from increasing exposure amid the dip. This cautious approach suggests the possibility of further weakness or consolidation before Bitcoin resumes an upward trajectory.
Kruger emphasized the $59,000 level as crucial for Bitcoin's technical outlook, highlighting it as a significant support zone where prices rebounded twice in March. He noted that if Bitcoin can maintain support above this level, attention will be on a potential push to a new record high and toward $100,000.

#Binance Coin Daily Chart Analysis

WHAT WILL lHAPPEN TO BNB COIN,
IF it's SUPPORT BREAKS....🙄🤔

$BNB Coin continuously falling towards #Downtrend in this Bear Market. This movements running as per #BearishWedge Pattern in daily chart cycles from last 20 plus months and at present reaching into very dangerous situation...

Basically, $BNB coin best strong support was $185 to $200, and as per market situation towards #BearishZone, there will be major chances to break-out this support in September.

If this Support breaks, then next Lower-Low support was around $125 and it is almost 45-50% down from present price range.

In this #BullRun , majority of chances to $BNB create it's new AllTimeHigh at..
Min. $1.2k to $1.5k, &
Max. $1.8k to $2.2k
Almost,
min. to min. is 10x-15x easily..

Always #DYOR before investing in this high volatile situation of Crypto & Trade Wisely by using StopLoss too, it's NFA 🙏

From 1hr. to 1day candle, all are presently RED into #INJ #INJECTIVE market analysis, may be today's halfway cycle goes into #Downtrend then after it starts again #Uptrend upto next target of $10-12 soon, As per my previous analysis on $6, it perfectly Follow chart upto $9

$ETH Drop down Alert 📉📉📉📉

Be safe $ETH Traders ™️

#ETHPrice #Downtrend #safereum

$WIF Coin Experiences Market Downturn!

Crypto traders, alert! WIF coin is witnessing a downturn, marking a significant price drop.

Market Recap:
- Current Price: $1.99
- 24h High/Low: $2.2012 / $1.9835
- Volume: A substantial 75.76M WIF traded

Technical Analysis:
- Moving Averages: Suggest a bearish trend with:
- MA(7): 2.0149
- MA(25): 2.0315

Investor's Perspective:
- The current bearish signals may prompt a cautious approach.
- High trading volume indicates market interest, hinting at possible upcoming volatility.

Stay tuned for updates and trade wisely!

#WIFCoin #CryptoMarket #Downtrend #TechnicalAnalysis #Write2Earn!

Hence proved 🎯

But now its time to Bearish 🙂

It will comes to 0.34$ again in few hours as per chart😐🎯

Once its reach 0.34$ , Take a flight and land in 0.4$ 🏆🚀🎯

$ALT 📉

#CryptoUpdate #altcoins #Write2Earn #bearishmomentum #Downtrend

$VGX 15 min chart analysis
#Uptrend then #Downtrend then again #Uptrend .
break of structure.
let's 👀

#Bitcoin Updates -

Bitcoin will be Ready to move for another new #Downtrend soon after Break out of $60k mark within 48-72 hrs.,

As per below mention Chart of next 5-days in $BTC , it's ready to move towards $59k for short time and take another Pump of $4-5k after that into may 1st week then it will goes towards last Correction Wave, as per Weekly Chart Analysis (already mentioned into previous post)

Always #DYOR & Trade with #StopLoss in #Crypto