BTC be Like: "I'm Not Your ATM! Bitcoin drops below $90K aga | Falconcrypto on Binance Square

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BTC be Like: "I'm Not Your ATM!Bitcoin drops below $90K again, wrecking both longs and shorts like a gym trainer on a Monday morning
Leverage traders: Just a little more pump, please?
BTC: Nah,let's spice things up!
HODLers watching from the sidelines with popcorn—who's next?😂😂

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BTC

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+0.31%

670

0

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BTC dominance is up only since the 2024 US election. Its #marketcap is up 22.3%, leaving gold (+9.3%) and the S&P 500 (-2.5%) trailing behind. Meanwhile, alts are... bleeding? $SOL (-11.1%), $ETH (-20.5%) Wen #altseason? 😅

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North Korea is now the 3rd largest #Bitcoin holder Just behind US ( 198,109 BTC / $16.6B ) and UK ( 61,245 BTC / $5.1B ) Funny thing is they built this position without any cost 13,562 BTC from the Bybit hack #btc70k

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Relatives: Are you working in #Bitcoin?😊 Me: "Yes, and in my free time, I also control the entire stock market🙄😷

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A rising wedge is generally considered a bearish pattern, meaning there is a higher probability of a breakdown than a breakout. Possible Price Movements: Breakdown (Bearish Scenario - More Likely) If BTC breaks below the lower trendline of the wedge, it could lead to a sharp decline. Potential support levels: $82,500, $80,000, or even $72,500 if selling pressure increases. Breakout (Bullish Scenario - Less Likely but Possible) If BTC breaks above the upper trendline, it could invalidate the bearish structure. Resistance levels: $87,500 and then $90,000+ if momentum builds. Watch the volume closely—if a breakdown happens with high volume it confirms the bearish move. A breakout with strong volume could suggest bullish continuation. #BTC

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📉Crypto Total Cap Excluding BTC 📈 Time Frame - Weekly (HTF) With such a despair, anger, frustration, liquidation and capitulation in the market, looking at a weekly chart like makes me feel like MMs have done their thing nicely. All those short term leverage players have been eliminated. Max pain is 10-15% downside. We are either bottomed, if not, then very close to bottom. Accumulate Altcoins wisely and have patience to hold them for next couple of months for Multi Folding gains 📈

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