Well, another analysis has been performed and I am ready to tell you the latest news:
‼️#Bitcoin has dropped to 65k on the daily timeframe, causing the largest liquidations. The market has turned bearish and is skeptical. We are waiting for more liquidations.
This is just the beginning of whale sales and we are waiting for a drawdown to 50-55k, as predicted in the previous post.
●This scenario is supported by several reasons at once, such as:
■ Whales🐳. ■ Volatility before halving. ■ The general mood of the market. ■ Withdrawal of capital and increase of short positions.
●After working out such a scenario, #Bitcoin will fly to Mars🚀🚀🚀. Do not miss your chance and buy at the bottom of the market.
❗️Remember that you are just ♟️ in the hands of big players, so do not panic and trade with a cool head. Play with the 🐳, not against them.
⚠️Disclaimer of liability. This publication is an assumption and prediction of exchange rates, but cannot be a real investment advice. Trading always involves risks.
‼️As I wrote in a previous post, there are two scenarios for the #Bitcoin movement. Now we are following the first way that will lead us to 73k. This is an important level, after which the consolidation of the level will follow. Now we can expect two scenarios:
● Consolidation at the level of 73k, further growth in anticipation of #HalvingTime .The most likely scenario.
●❗️The inability to overcome the resistance in the area of 73000-73500, correction to 50-55k. If #Bitcoin is unable to break through the level, then such an outcome is likely.
Reasons for growth: ■ Over the weekend, active capital injection began. ■ The expectation of #HalvingTime . ■ Liquidation of short positions.
Reasons for correction: □ A retry of the trends of previous years. □ The fear of exchange players. □ 🐳 asset Movements.
⚠️Disclaimer of liability. This publication is an assumption and predictt of exchange rates, but cannot be a real investment advice. Trading always involves risks.
❗️At the moment, #BTC is in the consolidation zone and has low volatility. We have two outcomes:
●1)The breakdown of resistance at 67000 and further growth to 75-80k. This is the most likely and favorable scenario.
●2)A breakdown of support at 65000 and a drop to 58-60k. A negative scenario, but the longer #BTC is in the consolidation zone, the higher the probability of this outcome.