WHAT'S NEXT $BTC ?
SOME IMPORTANT OF NEWS THIS WEEK
1)TETHER MINTS $1 BILLION USDT
2)Tether has driven $1,300,000,000 $USDT onto exchanges since the start of the market crash on Aug. 5
3)Whales have accumulated around 400,000 BTC in the past 30 days, equivalent to 2% of the total supply. This level of accumulation, particularly during market dips, indicates that large players are preparing for a significant price movement upwards.
4)PPI DATA 2.4 BELOW AS EXPECTED
5)CPI DATA CAME GOOD 2.9%
6) 50 BPS RATE CUT EXPECTED IN UPCOMING MOTH
SOME OUTCOMES MIGHT TURN BEARISH FUD
1) WAR SITUATION IN ISRAEL
2) PANDAMIC TENSION ARISES (MONKEYPOX)
3) US TRANSFERS 10,000 BTC FROM SILK WALLET
WHAT COMING IN BTC ?
IF YOU LOOK AT THE CURRENT SCENARIO IN BTC IS GETTING CONSTANTLY REJECTED BY 200MA IN 4HRS
BTC HAS GOOD SUPPORT AROUND 57K IF BTC CRASH BELOW 57K WE CAN SEE FLASH DUMP UPTO 55K TO 54K
CURRENTLY NOT EXPECTED
WE HAVE BUILT BIG LIQUIDITY AROUND 70K TO 74K AREA BEFORE THAT WE HAVE ANOTHER RESISTANCE OF 69K WAS OUR NEW HIGH OF THIS 160+ DAYS CONSOLIDATION
MAXIMUM LIQUIDITY IS AROUND 74K #Bitcoin ALWAYS FOLLOW LIQUIDTY ALMOST 10 BILLIONS SHORTS SQUEEZE EXPECTED
SPX COULD CONTINUE TO PUMP FORWARD
DXY FORMING LOWER LOW IN DAILY TIME FRAME
SO CONCLUSION IS IN FURTHER FEW WEEKS #Bitcoin COULD LIQUIDATE THE SHORTS FURTHER
THANKS FOR READING YOUR ONE LIKE WOULD BE HIGHLY APPRECIATED
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