When I said btc is bearish some people
came under my post to rubbish me and
insult me.
BTC halving has passed, falling as planned
is occurring. Lessons learnt for some people. After Bitcoin's halving, as expected, there were no big changes in the price movement which some people anticipated for an increase in price but rather it maintained 67k and less as everything was put into the price a long time ago.
However, the price is still treading in the
middle of the range around $64 showing
the obvious weakness of the bulls around
here. But! The necessity of correction for
further continuous growth is obvious and
expected and this fall needs fuel. And this
fuel will be long positions opened at the
top in the area of 65k - 70k which can be
used by the controllers to fix their profits.
Besides, there is a huge amount of
liquidations accumulated in the area of 70k
- 72k, and it would be rash not to enter there with a very fast squeeze to take
liquidity and rocket down to 55.5k most
likely . Meanwhile there is a possibility
that the bulls will not be strong enough
even to reach 65k and we will just go down
from the current levels. The fact is that we
are going down and this fall will not end
quickly as we think it should.
It's not a financial advice please you could
DYOR.It's my own personal opinion
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