#NewsAboutCrypto đ„đ„đ„đ„đ„
WILL
$BTC FORM A FALLING KNIFE PATTERN?
WHAT'S GOING ON WITH BITCOIN?
There's a lot to be worried about if you're invested in BITCOIN
So here's your daily scoop! :
Bitcoin (BTC) recently dropped nearly 4% from $72,500
to just above $69,000, alongside a 5.5% dip in the overall crypto market cap.
This decline coincided with the Fear and Greed Index
reaching âextreme greedâ levels,
which historically signals a potential market top.
By Friday, the index had moderated to "greed,"
indicating possible further corrections.
Additionally, bullish futures positions
saw significant liquidations, totaling over
$250 million across BTC, ETH, SOL, and DOGE futures.
Market sentiment has been largely bullish,
driven by factors such as global monetary policies
and U.S. political support,
with some traders targeting $80,000 for
BTC in the coming weeks.
Historically speaking, after the
$BTC halving usually
BITCOIN experience price surge in later months,
momentum which we started to see in October,
as BITCOIN surged from $58,530.13 on the day it was halved to
$73,660 couple days ago.
This is to say that BITCOIN is following the anticipated
movement and market sentiments surrounding its growth
are well adopted.
Therefore BITCOIN may not form a falling knife
Pattern after all, and if it did then it will be
truly devastating for investors,
and on side note bull run is just getting started.
Are you ready to make new highs with BITCOIN
in coming months?
Let us know in the comments if you think BITCOIN
will surpass 80K by end of this year.
It's advised, to do your own research before
making any investment decisions or consult
a financial advisor, because market volatility
may lead to significant loss.
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insightful news, updates and signals.