đš #BTC Update
Now the question arises: what's next for Bitcoin? Let me present a wider picture to you.
As you can see, weâve had nearly a 10% dump in Bitcoin, which I predicted almost a few days ago.
From here, we have two possibilities:
1. Arthur Hayes mentioned in his tweet that we could see Bitcoin at $50K this weekend. I expect a liquidity grab down to $50K, followed by a reversal. In this case, we need a weekly close above $54K after the liquidity grab.
2. In the second scenario, if things get worse, we could see Bitcoin break this demand area and move down to the $45K demand area, where a reversal can be expected.
We can confirm the next move by closely watching the weekly close.
Remember - on 18th September, it is expected that FED will make rate cuts. So, be prepared for uptober and DCA your positions at this time.
