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Bitcoin closed above $85,000, was it a positive close?! Yes; but I found something that worried me in the Other liquidity chart.
Simply put, this chart answers the question: Are we in a Bear Market or a Bull Market?! Unfortunately, if we drop below $247 billion by next Sunday, it will be officially confirmed that we have entered a Bear Market.. I will let you know then.
What matters now is what comes next..
Positive close + Negative Other chart = Speculative rise followed by a drop to complete Bitcoin's targets below $85,000.
๐ช Suggestion: Hold onto your coins as long as Bitcoin is above $85,000, but if it drops, be careful because there are no supports below $85, and it will go to $77 then $75, but the positive thing is that I see this will be the last drop :)
Simply put, this chart answers the question: Are we in a Bear Market or a Bull Market?! Unfortunately, if we drop below $247 billion by next Sunday, it will be officially confirmed that we have entered a Bear Market.. I will let you know then.
What matters now is what comes next..
Positive close + Negative Other chart = Speculative rise followed by a drop to complete Bitcoin's targets below $85,000.
๐ช Suggestion: Hold onto your coins as long as Bitcoin is above $85,000, but if it drops, be careful because there are no supports below $85, and it will go to $77 then $75, but the positive thing is that I see this will be the last drop :)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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