🚨 Bitcoin is staggering! Is it collapsing 75%? Shocking warning from a seasoned trader! 📉💥
Oh crypto world, despite the recent rise of $BTC , a thunderous warning strikes the markets! Seasoned trader Peter Brandt predicts a catastrophic collapse of 75% for $BTC, bringing it back to $27,290! Are we returning to square one?
Warning signs are flashing: eerie similarities to 2022!
Brandt sees a repeat of the 2022 crash. Red technical indicators are lighting up: the crossover of exponential moving averages signals the beginning of major downward trends! The breaking point: the failure of $BTC to reclaim $108,000 could spark panic!
The derivatives market is screaming: selling more than buying!
The buy/sell ratios on Binance and OKEX show a dominance of selling! This means the market expects a decline, which could lead to massive selling pressure!
Money is moving: from BTC to ETH!
Outflows of $57 million from Bitcoin funds, while Ethereum products attracted $295 million! Money is not fleeing crypto, but moving within it!
In summary: a catastrophic crossroads!
#BTC at a dangerous crossroads. Is it collapsing? Or is it ignoring the warnings? The area around $108,000 is key! Risk management is more important than ever! $BTC
