Bitcoin has broken down from the support zone i marked in the last daily update.
It has also broken down from its 1.618 fibonacci extensionn ratio.
This is bad, as if price is not able to close back above that level, the 2.618 fibonacci ratio is the next target, sitting at around $86,000.
There's too much uncertainty in the market right now, from ETF giants selling their Bitcoin, all the way to the decreasing probability of a rate cut in December.
Stay cash ready during moments like this, don't get too aggressive too quick. #BTC #bitcoin
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#TradingTypes101 It means the ease of converting assets to cash without loss of value. Liquidity is essential in financial markets, and it is divided into two types: market liquidity.
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#SaylorBTCPurchase According to PANews, MicroStrategy founder Michael Saylor has shared new insights regarding Bitcoin Tracker updates. Saylor remarked, "I don't think this reflects what I got done last week."
Historically, MicroStrategy has disclosed its Bitcoin acquisitions the day after such announcements.
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