The king-the $BTC has crashed once again after a quick manipulation during the #CPI_DATA release. This has once again created fear in the market. Retailers are moving out predicting the end of 2024 bull run. But is it for real? Will $BTC not move up this time? These narratives are building up due to fear and consolidating condition in the market, however the reality is different.
$BTC Chart is showing the real scenario. The macro situation on charts look bullish. For now BTC is heading towards the liquidity grab at $68,422. The chances are real that it will move up afterwards. This low liquidity was pending long time ago, so for a stable market move is it necessary for BTC to grab it first and then move upwards.
Furthermore, BTC is also showing bullish divergence that’s another indicator of upward movement. Stakes are pretty high that after grabbing the long pending liquidity BTC will move towards the moon.
Lastly, it’s not logical to say that BTC will not show bull run this time as 60k is the electricity cost of the bitcoin. so don’t loose heart because the rally upwards is near.
Till then, stay strong, stay sticked 💰!