Bitcoin experienced a sudden surge after triggering stop losses below the support area. Bitstamp has started distributing $BTC to users, indicating that the fear, uncertainty, and doubt (FUD) may have subsided. Selling pressure is decreasing, and it looks like Bitcoin is gearing up for a significant price increase. #BinanceTurns7 #SOFR_Spike #Bitcoin_Coneference_2024 #ETH_ETFs_Approval_Predictions
The price is currently in a downtrend channel and has been rejected by the resistance area. Another test of the resistance area is possible. It's best to avoid trading in this zone and wait for new entry opportunities.
The cryptocurrency market is bracing for a short-term downturn, i am predicting a bearish trend in the coming days. This volatility is nothing new in the crypto space, but it's essential to be prepared for potential price fluctuations.
As investors and my followers, it's crucial to stay informed and up-to-date on market trends, news, and analysis to make informed decisions. Keep a close eye on market indicators, technical analysis, and my insights to navigate this dynamic landscape.
Remember, the crypto market can shift rapidly, and being proactive is key to maximizing your investments This bearish moment is only for a short period of time, after that i am hoping a wave of bull 💹. Stay tuned for updates, news, and predictions to stay ahead of the curve.
#BTC☀ update: Hitting $71,000 will trigger the liquidation of around $2 billion in short positions. BIAS: Mid-Term: BULLISH Short-Term: BULLISH -------------------- As expected the price action of #BTC☀️ bounced back accordingly as i expected.
Currently, the price action has broken down its horizontal support level which is marked between the $68,905 to $68,098 level.
If the price action closes below its support level, we will see the drop in the price action of #BTC☀️ ------------------- MAIN INTEREST LEVELS
⬇️SHORT⬇️ $70,692
⬆️LONG⬆️ $68,271
PREDICTED DAILY RANGE $73,937 to $62,994
Every five years, very old coins begin to move. In this cycle, there was a historical peak at 0.37. This has little impact on the market, it simply means that old holders receive cash every five years for waiting.
#Gala will Go #Bull in coming days, Expected to go high as 0.06, and will be stable by (tomorrow) $24 May 2024, now is the time, bet on it. so as $BTC and $ETH