Bitcoin is now trading at 60,000, which is 20% below its all-time high of 74,000 đ
â If Bitcoin is trading at 37,000, which is 50% below its all-time high, this would be good before a major political event. We could say, âBitcoin is already trading so low, and the correction was so strong that it could recover at any time.â That is if the price is trading at 37K, which is below 40,000 or about 50% below its all-time high đ
â Bitcoin is currently trading at 60,000 which can be considered really strong. (Bitcoin) is trading with resistance and since Bitcoin is trading with a nearby resistance we can say, âBitcoin is really strong right now. Any kind of unexpected event, market shake or strong dynamic can lead to a major crash. Things have been sideways with a bearish bias for more than six months so be carefulâ đđ
â The descending triangle is a bearish pattern. In this monthly chart, this pattern has already broken to the downside. The bearishness is confirmed đâłïž
#BinanceTurns7 #TopCoinsJune2024
