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Why Did Bitcoin Drop Today? My Thoughts on the Crash
#btcdumping Bitcoin dropped today, and you’re probably wondering why. As of now, Bitcoin’s price has slipped to around $93,000, shedding about 2% in the last 24 hours. Let’s break down the main reasons behind this dip, based on the latest insights from web sources and X posts.Key Reasons for the Drop
Stock Market Weakness
The stock market is taking a hit, and Bitcoin’s feeling the ripple effect. It’s no secret that Bitcoin often mirrors the stock market, especially when economic uncertainty creeps in. When stocks tank, investors tend to pull back from riskier assets like Bitcoin, dragging its price down too.Warren Buffett’s Pessimism
Warren Buffett, the legendary investor, has been sounding the alarm about the global economy. His gloomy outlook is spooking markets, fueling risk aversion. When a heavyweight like Buffett predicts trouble, investors often ditch volatile assets like Bitcoin in favor of safer bets, contributing to today’s decline.Technical Factors: CME Gap and Bearish Indicators
There’s a technical twist at play called a CME gap. This happens when there’s a price gap on the Chicago Mercantile Exchange’s Bitcoin futures chart, and the price tends to “fill” that gap by moving toward it. Today, that pull seems to be downward. Add to that some bearish technical signals—like a negative MACD (a momentum indicator) and an oversold RSI (Relative Strength Index) around 26—and the charts are pointing to a short-term slump.Recent Events Stirring UncertaintyTrump’s Tariff Threats: Former President Trump has reignited fears of tariffs, which could disrupt global trade and rattle markets. Economic uncertainty like this often hits Bitcoin hard.Theft and Kidnapping Drama: Reports of a major theft and kidnapping tied to the crypto world are making traders jittery. While details are murky, this kind of news can heighten caution and trigger sell-offs.
A Glimmer of Hope?
Despite today’s drop, it’s not all doom and gloom. Some sources remain bullish on Bitcoin’s long-term outlook, citing growing institutional adoption—like public companies holding 425,000 BTC—and shrinking exchange reserves, now at a 6-year low. Bitcoin’s limited supply could also prop it up over time. So, while the short-term looks rough, the big picture might still hold promise.
Wrapping It Up
Today’s Bitcoin drop seems to be a perfect storm of a shaky stock market, Buffett’s grim forecast, technical pressures, and unsettling news. It’s a wild ride, as always with crypto. Whether this is a buying opportunity or a signal to step back depends on your take—what do you think?
$BTC
$ETH
$XRP
Stock Market Weakness
The stock market is taking a hit, and Bitcoin’s feeling the ripple effect. It’s no secret that Bitcoin often mirrors the stock market, especially when economic uncertainty creeps in. When stocks tank, investors tend to pull back from riskier assets like Bitcoin, dragging its price down too.Warren Buffett’s Pessimism
Warren Buffett, the legendary investor, has been sounding the alarm about the global economy. His gloomy outlook is spooking markets, fueling risk aversion. When a heavyweight like Buffett predicts trouble, investors often ditch volatile assets like Bitcoin in favor of safer bets, contributing to today’s decline.Technical Factors: CME Gap and Bearish Indicators
There’s a technical twist at play called a CME gap. This happens when there’s a price gap on the Chicago Mercantile Exchange’s Bitcoin futures chart, and the price tends to “fill” that gap by moving toward it. Today, that pull seems to be downward. Add to that some bearish technical signals—like a negative MACD (a momentum indicator) and an oversold RSI (Relative Strength Index) around 26—and the charts are pointing to a short-term slump.Recent Events Stirring UncertaintyTrump’s Tariff Threats: Former President Trump has reignited fears of tariffs, which could disrupt global trade and rattle markets. Economic uncertainty like this often hits Bitcoin hard.Theft and Kidnapping Drama: Reports of a major theft and kidnapping tied to the crypto world are making traders jittery. While details are murky, this kind of news can heighten caution and trigger sell-offs.
A Glimmer of Hope?
Despite today’s drop, it’s not all doom and gloom. Some sources remain bullish on Bitcoin’s long-term outlook, citing growing institutional adoption—like public companies holding 425,000 BTC—and shrinking exchange reserves, now at a 6-year low. Bitcoin’s limited supply could also prop it up over time. So, while the short-term looks rough, the big picture might still hold promise.
Wrapping It Up
Today’s Bitcoin drop seems to be a perfect storm of a shaky stock market, Buffett’s grim forecast, technical pressures, and unsettling news. It’s a wild ride, as always with crypto. Whether this is a buying opportunity or a signal to step back depends on your take—what do you think?
$BTC
$ETH
$XRP
#USStablecoinBill
Why Did Bitcoin Drop Today? My Thoughts on the Crash?
#btcdumping Bitcoin dropped today, and you’re probably wondering why. As of now, Bitcoin’s price has slipped to around $93,000, shedding about 2% in the last 24 hours.
Let’s break down the main reasons behind this dip, based on the latest insights from web sources and X posts.Key Reasons for the Drop
⚙️ Risk: Use proper risk management — 3x–5x leverage recommended
$SOL $BTC
Why Did Bitcoin Drop Today? My Thoughts on the Crash?
#btcdumping Bitcoin dropped today, and you’re probably wondering why. As of now, Bitcoin’s price has slipped to around $93,000, shedding about 2% in the last 24 hours.
Let’s break down the main reasons behind this dip, based on the latest insights from web sources and X posts.Key Reasons for the Drop
⚙️ Risk: Use proper risk management — 3x–5x leverage recommended
$SOL $BTC
$BTC.D continues to respect a strong rising support trendline, which has held firm through multiple retests.
Each bounce from this trendline has triggered further upside momentum, showing continued strength in Bitcoin over altcoins.
#BTCdominance #btcdumping #unichartz #Altseason #altcoins
$ALPACA
$VIB
$VOXEL
Each bounce from this trendline has triggered further upside momentum, showing continued strength in Bitcoin over altcoins.
#BTCdominance #btcdumping #unichartz #Altseason #altcoins
$ALPACA
$VIB
$VOXEL
Don't Worry About #bitcoin Small Correction, 90% Sure Before Pump Btc Retest $87k +, - possible.
But According To Me If Btc Break $92k then Next Level Is 87k So keep Eye Stay Calm NO Worry 😌 It's Good For Healthy Pump. .
#BTC #btcdumping $BTC
But According To Me If Btc Break $92k then Next Level Is 87k So keep Eye Stay Calm NO Worry 😌 It's Good For Healthy Pump. .
#BTC #btcdumping $BTC
BTC is still in the channel. In such cases, the price can hang around for quite a long time, and the exit will show the target of the further movement.
For now, I am more inclined to believe that the correction will continue because the 50% level has not been reached.
But it is not known how deep the correction will be. It may not be large, medium or to the very base. But once it ends, this will be the best time to buy, as I have no doubt that new highs await us.
What do you think about this?
I personally think that btc will pull back around 60k, we might see 58k as well! actually nobody knows , its just predictions.. DYOR
if you like my post , please help with follow 🙌🙌
#BTCAnalysi #BTC🔥🔥🔥🔥 #btcdumping #HotTrends" #HotTopics
For now, I am more inclined to believe that the correction will continue because the 50% level has not been reached.
But it is not known how deep the correction will be. It may not be large, medium or to the very base. But once it ends, this will be the best time to buy, as I have no doubt that new highs await us.
What do you think about this?
I personally think that btc will pull back around 60k, we might see 58k as well! actually nobody knows , its just predictions.. DYOR
if you like my post , please help with follow 🙌🙌
#BTCAnalysi #BTC🔥🔥🔥🔥 #btcdumping #HotTrends" #HotTopics
Claim Reward here🎁🎁💰
Complementary reward upto 10USDT
Complementary reward upto 10USDT
In the last 48 hours, Bitcoin (BTC) experienced a 13% decline from its recent all-time high of $73,835,
briefly dipping to around $60,000. This downward movement was triggered by market conditions becoming overheated, leading to what analysts refer to as a "pre-halving retrace" before the upcoming Bitcoin halving event, which is approximately 30 days away.
The duration of these corrections and their broader impact on Bitcoin ($BTC ) remain uncertain as we move forward.
As we navigate through this sudden market downturn and potential unrealized losses, it's important to consider the approaching tax season.To safeguard yourself from potential losses, it's crucial to stay on top of your tax obligations. Remember, once funds are lost, they are gone.
$BTC #BTC #BTC🔥🔥🔥🔥 #btcdumping
briefly dipping to around $60,000. This downward movement was triggered by market conditions becoming overheated, leading to what analysts refer to as a "pre-halving retrace" before the upcoming Bitcoin halving event, which is approximately 30 days away.
The duration of these corrections and their broader impact on Bitcoin ($BTC ) remain uncertain as we move forward.
As we navigate through this sudden market downturn and potential unrealized losses, it's important to consider the approaching tax season.To safeguard yourself from potential losses, it's crucial to stay on top of your tax obligations. Remember, once funds are lost, they are gone.
$BTC #BTC #BTC🔥🔥🔥🔥 #btcdumping
Quoted content has been removed
Good morning!
After arriving at my sister's house two days ago, I noticed the market was not favorable this morning. I decided to close my Polyx trade, expecting Bitcoin to decrease by more than 10% (from 60k to 50k). However, I'm still holding onto ORDi, XRP, and AGIX. Although our spot holdings have decreased by over 30%, we're optimistic about recovery within a month.
Looking ahead to April 2024, it appears to be a promising time for both Bitcoin and altcoins following the halving event. This often triggers an "alt season," where altcoins gain attention and experience price surges. Many predict that Bitcoin's price will gradually rise after the halving, potentially exceeding previous highs. Therefore, despite the current market challenges, there's hope for a brighter future in crypto.
#TrendingTopic #btchalving2024 #HotTrends #btcdumping
After arriving at my sister's house two days ago, I noticed the market was not favorable this morning. I decided to close my Polyx trade, expecting Bitcoin to decrease by more than 10% (from 60k to 50k). However, I'm still holding onto ORDi, XRP, and AGIX. Although our spot holdings have decreased by over 30%, we're optimistic about recovery within a month.
Looking ahead to April 2024, it appears to be a promising time for both Bitcoin and altcoins following the halving event. This often triggers an "alt season," where altcoins gain attention and experience price surges. Many predict that Bitcoin's price will gradually rise after the halving, potentially exceeding previous highs. Therefore, despite the current market challenges, there's hope for a brighter future in crypto.
#TrendingTopic #btchalving2024 #HotTrends #btcdumping
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#TrendingTopic: #WLD #BTC #ETH #Airdrops
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#TrendingTopic: #WLD #BTC #ETH #Airdrops
#HotTrends $BTC
Whales be pumping it again anytime soon ?
or is it the start of downfall ?
#BTC #btcdumping #halvingtime
$BNB $ETH
Whales be pumping it again anytime soon ?
or is it the start of downfall ?
#BTC #btcdumping #halvingtime
$BNB $ETH
$BTC
Bitcoin is down by 8000$ in 24 hours, Trading at 56000$ Dropped from 64000$, What Cause This move? Well if you look At the Picture Below, From Last 7 Months We were closing in green and to form a healthy Bull market structure it was necessary to close April in red,
But the candle didn't even wick below the previous candle which Caused the opening candle to move down further.
Now what's next?
While everyone is nervous, and selling their position because if they are not then Altcoins wouldn't bleed so much, so my recommendation is if you haven't buy Altcoins yet this can be your last chance clear indication BTC can move down further but that wouldn't let Altcoins move down more, and its also not worth risking 80-90% profit you can make Right now.
Nobody can predict the exact bottom. If you want to know which Altcoins you should buy ,
comment below Altcoins List.
#fomc #BTC #BullorBear #bitcoinhalving #btcdumping
Bitcoin is down by 8000$ in 24 hours, Trading at 56000$ Dropped from 64000$, What Cause This move? Well if you look At the Picture Below, From Last 7 Months We were closing in green and to form a healthy Bull market structure it was necessary to close April in red,
But the candle didn't even wick below the previous candle which Caused the opening candle to move down further.
Now what's next?
While everyone is nervous, and selling their position because if they are not then Altcoins wouldn't bleed so much, so my recommendation is if you haven't buy Altcoins yet this can be your last chance clear indication BTC can move down further but that wouldn't let Altcoins move down more, and its also not worth risking 80-90% profit you can make Right now.
Nobody can predict the exact bottom. If you want to know which Altcoins you should buy ,
comment below Altcoins List.
#fomc #BTC #BullorBear #bitcoinhalving #btcdumping
#btcdumping
$BTC ALSMOST BEEN 21 HOURS IN THIS AREA CONTINUALLY TAKING REHECTION FROM SUPPORT AND RESISTANCE. MY PREDICTION IF BTC DUMPED AGAIN AND BREAK THE SUPPORT LEVEL ON $60K AND CLOSE UNDER $59.5K $BTC WE WILL SEE ANOTHER BIG DUMP AND HE WILL TOUCH THE $57K BUT IF BTC PUMP FROM THE SNR WITH A GOOD VOLUME AND CLOSE AVOBE MY MARKING PRICE AND MINIMUM HOLD UPPER OF THE PRICE MINIMUM 3-4 HOURS WE CAN SEE A GOOD PUMP OF $BTC
IF ANY WRONG HERE PLZ SUGGEST THE CORRECTION IN
COMMENT. BCZ BASICALLY I AM A #QUOTEX BINRAY TRADER SO NOT TOO MUCH EXPERIENCED IN CRYPTO. I HAVE JUST SHARE WITH MY BINARY OPTION MARKET ANYLIZE.
IF ANY ONE INTERESTED THERE YOU CAN DM ME IN TELEGRAM USERNAME :- @ladenshot
#July_NonFarmPayrolls_Shock #US_Job_Market_Slowdown
$BTC ALSMOST BEEN 21 HOURS IN THIS AREA CONTINUALLY TAKING REHECTION FROM SUPPORT AND RESISTANCE. MY PREDICTION IF BTC DUMPED AGAIN AND BREAK THE SUPPORT LEVEL ON $60K AND CLOSE UNDER $59.5K $BTC WE WILL SEE ANOTHER BIG DUMP AND HE WILL TOUCH THE $57K BUT IF BTC PUMP FROM THE SNR WITH A GOOD VOLUME AND CLOSE AVOBE MY MARKING PRICE AND MINIMUM HOLD UPPER OF THE PRICE MINIMUM 3-4 HOURS WE CAN SEE A GOOD PUMP OF $BTC
IF ANY WRONG HERE PLZ SUGGEST THE CORRECTION IN
COMMENT. BCZ BASICALLY I AM A #QUOTEX BINRAY TRADER SO NOT TOO MUCH EXPERIENCED IN CRYPTO. I HAVE JUST SHARE WITH MY BINARY OPTION MARKET ANYLIZE.
IF ANY ONE INTERESTED THERE YOU CAN DM ME IN TELEGRAM USERNAME :- @ladenshot
#July_NonFarmPayrolls_Shock #US_Job_Market_Slowdown
Lets see $$BTC 👀
What Happens Next
#BTC🔥🔥🔥🔥
#BTCMovement: #BTCAnalysi
#BTCOutflows #btcdumping
Feel free to tell your opinions 🤗
What Happens Next
#BTC🔥🔥🔥🔥
#BTCMovement: #BTCAnalysi
#BTCOutflows #btcdumping
Feel free to tell your opinions 🤗
Assalmoalaikum , Good morning !!
After 2 days reaching my sister's house yesterday, I saw the market was bad this morning. I closed my Polyx trade, expecting Bitcoin to drop by more than 10% (from 60k to 50k). But I'm holding onto ORDi, XRP, and AGIX. Although our spot holdings are down by over 30%, we're hopeful for recovery in a month.
#TrendingTopic." #btchalving2024
Looking ahead to April 2024, it's a good time for both Bitcoin and altcoins after the halving event. This often leads to an "alt season," where altcoins gain attention and prices surge. As for Bitcoin, many predict its price to climb steadily post-halving, potentially surpassing previous highs. So, despite the current market woes, there's optimism for a brighter future in crypto.
#HotTrends #btcdumping
After 2 days reaching my sister's house yesterday, I saw the market was bad this morning. I closed my Polyx trade, expecting Bitcoin to drop by more than 10% (from 60k to 50k). But I'm holding onto ORDi, XRP, and AGIX. Although our spot holdings are down by over 30%, we're hopeful for recovery in a month.
#TrendingTopic." #btchalving2024
Looking ahead to April 2024, it's a good time for both Bitcoin and altcoins after the halving event. This often leads to an "alt season," where altcoins gain attention and prices surge. As for Bitcoin, many predict its price to climb steadily post-halving, potentially surpassing previous highs. So, despite the current market woes, there's optimism for a brighter future in crypto.
#HotTrends #btcdumping
Complementary reward upto 3USDT🎁🎁💰
Claim reward here🎁🎁💰
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I don't think we should start buying blindly.
who knows when it will start recovering... ?
if might be too 59k it can be 50?
#btcdumping #BNB" #sol #ethfidown
#PEPETrap #shib
who knows when it will start recovering... ?
if might be too 59k it can be 50?
#btcdumping #BNB" #sol #ethfidown
#PEPETrap #shib
On a monthly chart $BTC has formed cup and shoulder, before getting a new momentum i expect to test first 58,500 then 48,800 and with a wick up to 42,500. Volume is decreasing this is because everyone is realizing the profit at high high.
Keep tight stop loss in all of your trade as market is not going much reward in this and in the next month.
#btcdumping
Keep tight stop loss in all of your trade as market is not going much reward in this and in the next month.
#btcdumping
From my personal point of view :
I am optimistic for the correction wave of $BTC it is the norm of crypto market, nothing will fly straight forward all the time, this corrections are healthy for the market to obtain some liquidity and to move investment to alt coins.
#HotTrends #BTC🔥🔥🔥🔥 #btcdumping #HalvingTime #Write2Earn
I am optimistic for the correction wave of $BTC it is the norm of crypto market, nothing will fly straight forward all the time, this corrections are healthy for the market to obtain some liquidity and to move investment to alt coins.
#HotTrends #BTC🔥🔥🔥🔥 #btcdumping #HalvingTime #Write2Earn
$BTC
Short/sell at 64k and 63k
SL = 64800
TP= 61.5k, 61k, 60k
it will drop till 57k.
$BTC
#BTC🔥🔥🔥🔥 #BTCAnalysi #btcdumping
Short/sell at 64k and 63k
SL = 64800
TP= 61.5k, 61k, 60k
it will drop till 57k.
$BTC
#BTC🔥🔥🔥🔥 #BTCAnalysi #btcdumping
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