When I shared my analysis about $BTC and predicted a bullish run after breaking the 102000 resistance but it ended up going down a lots of people came to my posts just to spread negativity and laugh 😅
I’m still bullish on Bitcoin and I’m telling you, another dip in the market is not going to happen for a while, if you are that sure it will go down, open short positions and earn some money instead of spreading negativity, it’s easy no? 😂
Why is 102000 price so important for Bitcoin? Well, this was the cause of the market crash that happened 5 days ago. A big sell off happened at 102K-103K and the market never came back to that point until now. We can see that the moment it reached this point again, a sell off happened and pushed the price all the way to 99K.
Bitcoin will keep accumulating in the 98K-101K zone and add more volume to the market, and I’m telling you this time, if the market comes back to 102K-103K zone, It’s not going down anymore. That’s the start of the bullish run and that will be the new support zone for Bitcoin, it’s just a matter of time and we will see.
There are many long positions around 98K price, that’s the only point I see the price dropping to to liquidate people then go up. 87K-60K-40K points are not going to happen now. It’s a lot to push down again, it’s not easy to ruin that much accumulation that happened in 90K-100K zone.
Note: I have my money on spot, so if the price drops even by 30%, I’m chilling. I didn’t lose anything and I cannot be liquidated, I’ll just wait for the market to bounce back and take my profits. I never sell on a loss. 😅🚀
