⚡️ What is next for BITCOIN❓
📉 Today #Bitcoin is falling approx by almost 6% forcing a lot of other #crypto coins down with it. Not surprising after such a long growth.
❓So is it the end of the growth - you will probably ask. Or what happen next?
📊If you are following my post you have seen recent updates about BTC I have been writing about two strong patterns are clearly can be seen on the chart - bullish flag, and ascending triangle.
💡But if it is growing patterns why aren't $BTC growing? And if you look in internet both of these patterns have a retest phase. If you look at my post about BTC which I made the day before yesterday you will see, that I was exactly writing about 2nd possible attempt for retest and close somewhere near $69K-$70K level, and that's exactly what is happening.
✅ So now there are two possible outcomes. The level holds and retest fails, and $BTC will continue the uptrend. Or the level breaks and patterns scenario will be cancelled. It is important that to cancel this scenario BTC needs to consolidate below crucial level, because false breaks is what Bitcoin like..
🤔 I see these movements as manipulation. ETF companies wants to buy cheap. Records of money inflows are made everyday. Blackrock is buying hard (see the picture of the money inflow below). There are no reason for strong correction for now.
p.s however as I am always saying there are no 100% situations in crypto, it is possible that BTC breaks the level so that Whales can buy cheaper. Soit is always good to take profit from time to time and manage the risks.
🙏If you like my content, likes and subscriptions are appreciated. Much more interesting content are coming!
Trade smart,
Stay safe!
