teamred

Are you Team Green 🌱 or Team Red 🔥? Drop your predictions below! 👇$BTC

For the first time since November, Bitcoin has slipped under $90,000, with a daily loss of nearly 5%. 😱 Over $500 million in crypto long positions were liquidated, according to CoinGlass.
What’s driving the drop? A combo of market jitters and a surging US dollar ahead of President-elect Trump’s inauguration. Even traditional markets felt the heat, with the S&P 500 and Nasdaq opening in the red. 🔴

Bearish Targets Are Back in Play 🐻
Some analysts are pointing to $69K—the old 2021 all-time high—as a possible bottom.
Keith Alan of Material Indicators noted:
“Strong support exists at $86K, but the real test could come at $69K, the previous R/S Flip line.”
Meanwhile, legendary trader Peter Brandt warned of a potential head-and-shoulders pattern, hinting that BTC could be in for more pain. 💔

Optimism Isn’t Dead Yet 🕊️

Despite the bearish vibes, not everyone’s panicking. 🚀
• Funding rates are the lowest since August, suggesting potential relief for the bulls.
• Trader Daan Crypto Trades even spotted eerie similarities between $BTC current price action and January 2024. Are we in a déjà vu market moment? 🤔

Is Bitcoin Still an Inflation Hedge? 🛡️
Crypto firm QCP Capital is watching US inflation data closely. 🔍 With scorching NFP numbers (256K vs. 164K expected), the Federal Reserve is likely to keep interest rates “higher for longer.”
This raises the stakes for Bitcoin:
Can it prove its worth as an inflation hedge, or will macro pressures crush the rally? 🌪️

What’s Next for BTC? 🚦
Will Bitcoin hold above $86K? Or are we headed for the $69K danger zone? Keep your eyes on the charts, funding rates, and macro data—this could be the make-or-break moment for crypto’s narrative in 2025. 🕰️

#teamgreen #teamred #bitcoin69k #DollarRally110 #10DaysToTrump