Warned you guys
$BTC daily close below $54K will mean $49K is next
Crucial couple of days ahead
Here are your choices for the current market:
- Look for good shorting opportunities đ
- Buy the dip of blue chips
- Cry
LIVE
PRO Crypto Tech
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In the past 24hrs #Bitcoin dipped to around $55,200, its lowest in a month.
But why is $BTC stuck?
This decline coincides with weaker-than-expected economic data and anticipation of a cooling jobs market in the US, which is affecting both stocks and crypto.
Bitcoin ETFs are seeing significant outflows, and Bitcoin futures open interest has decreased, indicating reduced confidence in short-term price increases.
Technical analysis shows that Bitcoin daily close below $57K means there's a potential to drop to around $54K.
But why is $BTC stuck?
This decline coincides with weaker-than-expected economic data and anticipation of a cooling jobs market in the US, which is affecting both stocks and crypto.
Bitcoin ETFs are seeing significant outflows, and Bitcoin futures open interest has decreased, indicating reduced confidence in short-term price increases.
Technical analysis shows that Bitcoin daily close below $57K means there's a potential to drop to around $54K.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
57,965.77
+2.63%
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