Bitcoin has been in price discovery mode for 4 weeks now. Price discovery corrections typically begin between weeks 4-7 and range between 25-35%. A crypto Black Friday is still ahead of us
The XRP is in a strong bearish downtrend, showing clear signs of decline. If the price keeps dropping, it could reach as low as $0.80 before rising again. However, if it doesn't break through the psychological resistance at $2, it will struggle to go higher, similar to Bitcoin (BTC).
#BTC☀ remains strong. I wasn’t expecting such a strong rebound, but we follow the market.
When making decisions, it's crucial to have a strategy and adapt to market movements.
What has changed? In my opinion, not much. Despite the rebound, BTC still shows signs of weakness.
Based on the charts and indicators, I see a high probability of a retracement.
A pump to the resistance at 97.7k is possible, followed by a potential drop to key support levels at 93k, 90k, or 89k, with 85k as the worst-case scenario before another rebound.
What’s your view? Feel free to share your thoughts!
This is not financial advice. Do your own research (DYOR).
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I personally think the next 8 days will bring havoc. Why because of open interest and So many weak hands. I believe unrealized profits have been rolled over gain and again. What this means. When slight panic kicks in we will have huge sell offs. I can predict -15% minimum from current price in next 8 days. Also it is a sensible move for Market Maker to shake off qeak hands.
#BTC $BTC As I wrote here a lot yesterday and the day before, there is going to be a big dump. It has come but it is only the beginning. Dumping is not finished yet. It will go up to 80k #BTC
There will be a major price correction. Companies have to distribute profits to shareholders at the end of the year. That means they will sell the #BTC .$BTC