#BTC Today Analysis & Prediction May 3'2024

My last prediction had became true again

Last night there is attempts to dump BTC price going to $57k or even lower while buying orders trying to keep BTC price at $59k but had fail and if you had read my last post I had predicting there will be dumping attempts with price prediction if buying orders can't defend BTC price at $59k

Also I had found interesting fact about last dump posted by @WGO Crypto that made BTC plumped to $56-$57k is done by institusional whales which in my opinion is dangering BTC ecosystem health

By dragging BTC price down to $56-$57 had made miners to pause their mining production which had made BTC hash rate going down lots of (you can read about BTC hash rate in my other post)

As for today analysis & prediction, there will still profits taking and dumping attempts to take BTC price going down to $56-$57k again or even lower but most likely it will stop at $58k range based on the last dumping attempts and I will still RECOMMEND to HOLD because the current price is not BTC normal price

If you still have money to spare you can invest more while BTC price still under $60k because BTC price will keep climbing up to breakthrough March 2024 ATH as reported mining costs already at $100k in average

Just be careful with dumping attempts at weekend

As for me I still holding #BOME #PEPE even its already made profits for me, only #FLOKI still in loss 😭

As always DYOR

God bless