#NewsAboutCrypto
👉 IMPORTANT UPDATE ABOUT $BTC 🚨
#BTC HEADING to 87K soon? 👇
Here's a kicker & reality check.
Bitcoin Analyst PlanC says that there's
no reason for $BTC to end Q4 higher.
They have a very good arguement from
statistical point of view & I can't agree more.
They say that, it's like flipping a coin
and getting tails 3 times then expecting
that the fourth flip is also going to be tails.
They also say that there's no fundamental
reason either, if we are counting on
halving cycle then there's no relevancy
because of rise of Bitcoin treasury
companies and significant inflows
into the US-based spot $BTC ETFs.
Rather it should signal October to be
the month of correction or downtrend.
They have very good arguements
& should keep us grounded to reality indeed.
From techincal standpoint, on monthly
chart, bitcoin has formed tweezer top
candlestick inidcating towards a potential
trend change, if this month's candle closes
as a bearish candle below the closing low
of previous month— we could expect a
steep correction that dips below
100K easily.
What are your thoughts on this?
