After Bitcoin closed with a negative daily closing below $88,000 easily, we dropped to lower levels like $82,000.
Has the cycle ended for Bitcoin? Have we entered the bear market? Is this the limit for Bitcoin?
All these questions have their answer at a final point which is $75,000, and the drop continues with a weekly close below $82,000.
Also, guys, our last point after $98,000 is $75,000, and what I mean here literally is that we might see $50,000 and $40,000 if we cannot hold on to it now.
And an important note today, fear in the markets has reached frightening levels at 11, which is the lowest level in a year; the highest level was 88 on the same date today. Could this be manipulation by the whales? Possible, but what is your opinion? #BTCVolatility $BTC #TradingTales
🚨A piece of advice for you .... Do not chase investment platforms and let greed overcome you ✌️ You will not become rich by investing $20 or $100 in what is called investment🖐️ 💥If your capital is small, stay away from Forex and gold 💰 Buy a currency that is low in price, it will certainly rise Like the currency #FIDA There are strong indicators that it will rise tremendously
A Sad Bitcoin Story.. Why Did Bitcoin Fall Below $90,000? Simply put, the price of Bitcoin is declining because the market has shifted from greed to fear, while liquidity is leaving this asset. It has dropped by approximately 25-30% from the October peak that exceeded $126,000 to its recent lows of under $90,000. Heavy outflows from ETFs: Bitcoin spot ETFs saw net outflows of around $3 billion in November, including record withdrawals in a single day from BlackRock's IBIT fund.
Profit-taking by whales and long-term holders: On-chain data shows that billions of dollars worth of Bitcoin are being transferred from whales and long-term holders to exchanges, which has led to the consolidation of gains from this year's rally.
Rising exchange reserves and liquidation: BTC balances on Binance and other exchanges have increased, and futures liquidations have accelerated as support levels break $BTC
Peace be upon you and mercy and blessings. Happy Friday to us and you, God willing.
Two weeks ago, I deposited my money on Binance and then converted it to BTC, but as you can see, the BTC trends are not good and are concerning, especially for some people who bought it at one of the levels that is considered one of the highest levels. I bought it at a price of 108$ approximately and I am thinking of selling the BTC and the other currencies I have like ETH. What is the advice of experts for beginners? Should we convert it to USDT to avoid further losses, or do we take the risk and wait for a strong reaction and an increase in BTC in the coming days?
When the cryptocurrency market turns into a chaotic scene filled with turmoil and sharp losses, the investor finds themselves facing a real dilemma: Should they take advantage of the dip to buy, hold onto what they have, or exit the scene and sell before things get worse? In light of the severe downturn and relentless volatility, the financial decision becomes more sensitive than ever.
The investor is in urgent need of a trusted advisor, and this is where WarrenAI, the AI-powered financial consultant from Investing.com, comes into play.
We posed this difficult question to him, and his response was as follows:
Red envelopes (Red Packets) in Binance: golden tips and important warnings before participating 🚨⚠️ Red envelopes or "Hongbao" are a popular feature in Binance that allows users to send and receive free digital currencies as gifts. However, they can be a scam trap if you're not careful! What are red envelopes (Red Packets) in Binance?