Bitcoin Price Analysis!!!
Now btc drops below 113k, there is support at 109k and 107k is the strongest support, bit look at alt coins, they drop more then 10-12%, still it's not enough yet, 2 raddish days already we have, one more bearish day send btc below 110k and maybe ethereum drops below 4k.
If we look at 4h, 15min and 1 day price chart then there is no clue that help btc up again, this drop is maybe send btc again 100k in extreme cases, otherwise btc rebound at 107k. If btc regain again then today candle must close above 113k, otherwise ready for big dump.
When whales activity is on then they don't follow any support, lot of reatil and wholesale traders take profit here, so this big t.p send btc 100k again, there is 15B liquidations below 110k, and more then 25B liquidations at around 104K-106K, so it might be possible that whales send btc below 104K for take some good profit. But now increase short positions here, so maybe they just hit stop losses at 107k and rebound again strongly.
Anything happening here in crypto market, market capital drops below 4T, so in extreme case btc touches 100k, otherwise btc rebound at 106k to 107k.
According to 4h chart btc stay in strong bearish zone and any time we will see some big dump.
Watch carefully
Thankyou