๐จ #BitcoinCrashedAlert ๐จ
$BTC Crash Continues... Iโll give an alert once it drops to $90K! ๐
Is this crash similar to August 2024, when BTC suddenly fell from $67K to $49K? ๐ค
Will this drop create a buying opportunity between $81K - $82K, or is a further decline to $80K on the horizon? ๐ฏ
๐ A Quick Comparison:
Bitcoinโs recent drop below $90K has sparked concerns among investors, drawing comparisons to the August 2024 crash. While both involve steep declines, the reasons behind them are different.
๐ August 2024 Crash:
BTC's sharp fall was driven by a global financial sell-off, triggered by weak economic data and recession fears. Traditional stock markets also took a hit, amplifying Bitcoin's losses.
โ ๏ธ Current Crash:
This time, the downturn is fueled by a mix of crypto-specific and macroeconomic factors:
๐น Bybitโs $1.5B hack has shaken investor confidence.
๐น Trumpโs crypto reserve plan, funded by seized assets, failed to excite the market.
๐น Proposed tariffs & inflation concerns are adding to the pressure.
๐ Key Difference:
โ August 2024 was mainly a global economic sell-off.
โ The current crash is a mix of crypto events & economic policies.
๐ญ Whatโs Next? Will Bitcoin stabilize around $81K-$82K, or are we heading for $80K and beyond? Drop your thoughts! โฌ๏ธ
