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what do you think guys? which position to hold? short or long?
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Someone sent me this 😭big loss guys please be careful in the crypto world
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Bitcoin may suffer a harsh reversal unless it clears key hurdle On the daily chart, Bitcoin has risen to an important resistance level at $64,000. This price coincided with the descending trendline that connects the highest swings since June 7. It found substantial resistance in its past attempts to cross that level in July and August. Therefore, there is a risk that the coin will suffer a sharp reversal if bulls don’t push it above that level. A likely catalyst for the pullback will be the Triple Witching event in Wall Street that will see options worth over $5.1 trillion expire on Sep. 20. Historically, stocks often drop in the week following this witching event. A strong pullback in the stock market will likely lead to a similar price action in Bitcoin. On the flip side, a strong rebound above this resistance will raise the possibility of Bitcoin rising to $70,000, a psychological level and its highest point in July. A complete bullish breakout will only be confirmed if it pushes above its all-time high. What do you think? share your thoughts in comments section thanks.
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Hey Guys hope you all doing well, What’s your thoughts about market? is it going down or upward from here? share your expert opinion in comments. Thanks #DocCrypto409 #bitcoin☀️
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