BitcoinTrasuryWatch
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Bitcoin CRASH to $109K Incoming??!
#Bitcoin is struggling to hold the $113,000 level, and analysis suggests we might be "going lower before it goes higher". The charts show a lack of significant bid support above $110,000, and a key price target is now the old all time highs near $109,000.
While a dip to this level is a real possibility, it's not a reason to panic. Glassnode points out that the "airgap" between $109K and $116K is being filled on dips, which shows steady investor engagement. This indicates that a potential dip could be a healthy consolidation, not a catastrophic crash.
Volatility is slowing down, which means a big move is on the horizon. The question isn't if a big move is coming, but which direction it will be. Smart money is watching to see if support holds at these lower levels before the next leg up. Stay patient and get ready! #BTC #BTCUnbound #BitcoinTrasuryWatch #BTCReserveStrategy
#Bitcoin is struggling to hold the $113,000 level, and analysis suggests we might be "going lower before it goes higher". The charts show a lack of significant bid support above $110,000, and a key price target is now the old all time highs near $109,000.
While a dip to this level is a real possibility, it's not a reason to panic. Glassnode points out that the "airgap" between $109K and $116K is being filled on dips, which shows steady investor engagement. This indicates that a potential dip could be a healthy consolidation, not a catastrophic crash.
Volatility is slowing down, which means a big move is on the horizon. The question isn't if a big move is coming, but which direction it will be. Smart money is watching to see if support holds at these lower levels before the next leg up. Stay patient and get ready! #BTC #BTCUnbound #BitcoinTrasuryWatch #BTCReserveStrategy
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