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MihaiDaniel
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Crypto Market is down ? Did you know that Amazon stock was down more than 90% in the past ?
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MihaiDaniel
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Until we have the final result in the US elections there will be tension, bitcoin could go down to $66,000, Altcoins can also suffer, it's a tough time but it will pass 🍀
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Today is the kind of day where you'd rather have anything else to worry about than crypto. Just as such days exist in the crypto space, there are also days full of euphoria, of ecstasy. A popular saying says that after the rain comes the sun 🌞
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Should this be the last squeeze? At least for Altcoins? The market looks like it's hit by a storm, my message is "Don't panic" It's hard to bear but the market doesn't disappear!
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Bitcoin had for 8 months a serious consolidation stage between $50,000 and $70,000, in theory this means that the top cannot be at $73,000! Usually after the top bitcoin falls aggressively, in 202q after the peak at 40 days it dropped about 45%, now it didn't do that!
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The countdown has started, the American elections can have an immediate impact on the crypto market, in theory if Trump wins we are bullish, if he loses we don't know what will happen. Bitcoin has lost the area of 70,000$, I would say that it is not something serious, but I would not want to lose either 69k or 68k, this being very sensitive. Liquidity is down, many went long after btc crossed 70k
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