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BAKE Close at 0.377 Market on Bearish Momentum
BAKE
Close at 0.377 Market on Bearish Momentum
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We expect to see a correction below 60k in the coming days before the Halving, as this would be its usual movement. However, there are several things to consider during this 30-day period leading up to it. The approval of the ETFs showed aggressive market manipulation, in which large capital institutions have sought to remove retail investors from the market in order to acquire more BTC at better prices. Yesterday’s Bitcoin sell-off should have taken it below 62k; however, it encountered strong resistance at 64,500. Today, it is attempting to fill the price gap, so we might see a recovery tomorrow when BTC Spot ETFs reopen, and institutions start buying. Market sentiment is crucial; we are all waiting for that correction to take it below 60k before the halving. A 20% correction would be appropriate, and currently, it stands at 12%, so we know there is still a way to go. For now, let’s focus on Altcoins. With each dip, they offer excellent percentage gains, and with each rebound, they provide great long-term entry points. 🚀📈 $BTC
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BTC has entered a strong bearish momentum, we could see it below 60k in the next few hours, these days are tracking days in BTC. Take advantage of the entries in the altcoins that are at increasingly better prices, the trend is bearish. DYOR
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Now we are in X I will be sharing information and analysis as well as here. If I have a group where I pass signals daily, if you want to join us, follow us, and like the pinned comment
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Yesterday, I shared a series of price ranges with my community, highlighting several points to consider during this correction. Now that it has touched 65,500, we are waiting to see how the market reacts. Currently, it maintains low volume. Personally, I have opened a series of long positions in various altcoins of interest, which I will be sharing. It’s essential to capitalize on these corrective movements.
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BTC has attempted to surpass its new ATH of $73,800; however, it was unsuccessful, and we now observe it in a bearish phase. It could drop to $66,000 in the next few hours. Therefore, I recommend keeping an eye on altcoins, as this correction will likely boost them once it concludes. DYOR $BTC
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