$BTC

$BTC

Critical Bearish signals on #BTC

I have been observing its movement deeply for the the last 3 weeks.

I also warned binancers when it was in its peak point ($108k), saying it would drop sharply beacuse of some reasons. You can see these #BTC analysis on my profile as well.

This one is critical because I estimate that it will drop below $90K in the upcoming days ( this is not a new made analysis, it is easy to say this, I already told it weeks ago ) and will affect the whole market, some will be affected more than the others especially the meme coins.

There are reasons of this downward movement. One is that after the decision of FED, the graphic started to show a downward movement. it is in the downward graphic which results in loses in terms of volumes. Less demand means less prices. That is basic.

Another thing is that many peoole and companies are in their holidays these days ( Christmas ); which results in a less trading activity. it also affects the live prices really a lot.

But this is not a huge threat. It is more like a opportunity to notice these things and make the investments accordingly.

***This is not a huge threat because in overall picture, it is like a correction in a yearly candlesticks. It has risen sharply in this year and now it is on its correction way. it will reach $130K sooner or later but not in very short term. like 5 days or 7.

Current price is 92.400
Highest price all time 108K
Estimated deepest points $88.000 - 86.000
Critical point for a downward movement 91.500

My estimate is around deep point $88K maybe a bit less.

but #BTC will rise from this level sharply in long term to around $130K or to 140K.
See my previous #BTC analysis on my page.

stay connected

meet me in the comments. What are your thoughts? 🍀

disclaimer : this is no financial advice

NFA