š BTCUSDT: Price continues to decrease! š
Significant volatility has been observed in Bitcoin, recently fluctuating between $50,000 and $60,000. This movement has sparked discussions on whether Bitcoin will continue to decline, stabilize, or potentially surge higher.
Given the current market conditions, the price dynamics of Bitcoin in leveraged trades suggest that breaking above $61,000 could propel it to $66,000.
Furthermore, a bearish trend might persist in the near term, responding to potential spikes in selling activity. Increased selling pressure could drive Bitcoin back down if many investors decide to liquidate their holdings.
This scenario is particularly likely if Bitcoin fails to decisively breach the $61,000 barrier.
š© alternative scenario: BTCUSDT: $57000 TO
$66000 Targeting Small Move š©
We have a good opportunity on btc to target a small buy correction move, it is not an swing trade. However, we cannot be certain of swing move yet on crypto market that is why we have decided to share you an intraday move.
Please do your own research too before entering or taking any positions.
