In December 2024 I made a comment suggesting that we would have a "Trump Dump". Most market fanatics responded with aggression or mockery. Today we hit $2.15 Billion in liquidations, breaking the daily record. More than the FTX collapse and the Covid Crash of March 2020.
I figured nothing good could come from Trump and Elon Musk, but it was worse than I thought.
First came $TRUMP sucking liquidity from small investors, and now the "tariff war".
2 weeks ago I identified a bearish pattern with the beginning of weakness in the 50d moving average, which could take the price from $BTC to the 78k/80k range (200d MA).
The big question is: Was the Trump Dump caused by the President's latest moves or was the fall already predestined after the double top?
