dr_mt
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$BTC SIGNAL ALERT 🟢✨️✨️✨️🚀🚀🚀
🚨MAJOR UPDATE & FULL MARKET ANALYSIS🚨
Michael Saylor just announced via X, that yesterday Micro Strategy acquired another 6556 $BTC for $555.8M, at the rate of $84.7K per BTC!
This news comes in at the perfect time, working as a major catalyst to further ignite the bulls. 🔥
Suprisingly $BTC is also forming an inverse head-n-shoulder chart pattern, it's a bullish reversal pattern in technical analysis, signaling a potential shift from a downtrend to an uptrend. It forms with three lows— the middle one (head) being the lowest and the two outside (shoulders) being higher and roughly equal.
What's even more important is that market sentiments are on fire right now! 🔥🚀 Market cap rose by +3.39% at $1.37T and volume increased by whopping +82.91%— standing tall at $27.8B!! This type of market activity had been lacking for atleast past 2-3 weeks..
Today we saw postive money inflow of 2,521 BTC with mostly consisting of large orders totalling at 2425 BTC— indicating whales or instituition buying. However activity from retail investors with postive inflow of 39 BTC is a very postive note of revived confidence within the market.🔥🚀
Though we have positive signs signalling towards recovery, traders are still fight between greed and fear. Current price of BTC is perfectly sandwiched between two equal amounts of liquidation clusters— one above at 88.1K worth more than 87.86M & one below at 86.4K worth more than 87.68M!
There's a equal chance of price moving towards either one of the clusters. However, 86.5K is a major psychological level which market bulls need to defend to keep market confidence high, dip below it could cause panic selling— which may cause correction leading BTC to plunge once again below 86K level. In my opinion, market makers wouldn't want that just to hunt some liquidity.
I hope you gained some insights from this post. If you did, please share your thoughts in the comments and also hit the like so I know you all find it interesting and informative!🙏
DYOR
dr_mt
🚨MAJOR UPDATE & FULL MARKET ANALYSIS🚨
Michael Saylor just announced via X, that yesterday Micro Strategy acquired another 6556 $BTC for $555.8M, at the rate of $84.7K per BTC!
This news comes in at the perfect time, working as a major catalyst to further ignite the bulls. 🔥
Suprisingly $BTC is also forming an inverse head-n-shoulder chart pattern, it's a bullish reversal pattern in technical analysis, signaling a potential shift from a downtrend to an uptrend. It forms with three lows— the middle one (head) being the lowest and the two outside (shoulders) being higher and roughly equal.
What's even more important is that market sentiments are on fire right now! 🔥🚀 Market cap rose by +3.39% at $1.37T and volume increased by whopping +82.91%— standing tall at $27.8B!! This type of market activity had been lacking for atleast past 2-3 weeks..
Today we saw postive money inflow of 2,521 BTC with mostly consisting of large orders totalling at 2425 BTC— indicating whales or instituition buying. However activity from retail investors with postive inflow of 39 BTC is a very postive note of revived confidence within the market.🔥🚀
Though we have positive signs signalling towards recovery, traders are still fight between greed and fear. Current price of BTC is perfectly sandwiched between two equal amounts of liquidation clusters— one above at 88.1K worth more than 87.86M & one below at 86.4K worth more than 87.68M!
There's a equal chance of price moving towards either one of the clusters. However, 86.5K is a major psychological level which market bulls need to defend to keep market confidence high, dip below it could cause panic selling— which may cause correction leading BTC to plunge once again below 86K level. In my opinion, market makers wouldn't want that just to hunt some liquidity.
I hope you gained some insights from this post. If you did, please share your thoughts in the comments and also hit the like so I know you all find it interesting and informative!🙏
DYOR
dr_mt
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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