Matias Cripto
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Bitcoin Threat - The last chance is now! Or collapse to 40k! (-63%)🚨🚨
$BTC
Bitcoin plummeted 12% in the last few days to 86,800, exactly at the last available support of the entire bull market! This is the last support; otherwise, the bullish cycle is over and we will have a tremendous collapse to 40K in 2025/2026. So, why is this the last support?
First, we need to observe the price action because Bitcoin has been sideways since November. We can clearly see an expanding triangle on the daily time frame. Expanding triangles are very uncomfortable patterns for traders, as whales take liquidity on both sides (buyers and sellers). And this is exactly what happened recently: Bitcoin plummeted to 86,800 below the previous low and took all the stop-loss orders from traders while remaining in the continuation pattern of the expanding triangle.
Bitcoin plummeted 12% in the last few days to 86,800, exactly at the last available support of the entire bull market! This is the last support; otherwise, the bullish cycle is over and we will have a tremendous collapse to 40K in 2025/2026. So, why is this the last support?
First, we need to observe the price action because Bitcoin has been sideways since November. We can clearly see an expanding triangle on the daily time frame. Expanding triangles are very uncomfortable patterns for traders, as whales take liquidity on both sides (buyers and sellers). And this is exactly what happened recently: Bitcoin plummeted to 86,800 below the previous low and took all the stop-loss orders from traders while remaining in the continuation pattern of the expanding triangle.
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