$BTC This market update suggests that the recent price increase (pump) in Bitcoin (BTC) is attributed to:
1. Trump news
2. Whale entry (large investors buying BTC)
3. Liquidation of short positions around 60,300 and 63400
The update predicts two possible scenarios:
*Bullish Scenario:*
- BTC breaks the 63,600 level
- Successful retest
- Big pump to 72,000
*Bearish Scenario:*
- BTC drops to 61,000 or 62,000
- Breaks 58,300
- Big dump to 50,000
Our Team Anylasis and believes the market may still drop to 49000 due to:
- CME GAP at 57,521
- Longer liquidation at 52,000
- Psychological level at 49000
- Fake pump in the market
- No holding opportunities in the market
Please note that this is a personal view of our team as per research and not investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always do your own research and consider multiple sources before making any trading decisions.
