๐ฅ BITCOIN ALERT: Is This The END of the Bull Run?! ๐ฑ
Bitcoin just took a NASTY tumble, but is it a dip to BUY or a sign of DOOM?! ๐ Looking at the chart, BTC/USDC plummeted from over $110,000 to a low of $102,765.17 in a rapid correction. The moving averages (MA7, MA14, MA21) show a clear crossover indicating bearish sentiment, with the MA7 ($105,337.21) now below the MA14 ($105,455.03) and MA21 ($105,405.07).
Key takeaways:
๐ป Bearish cross confirmed on multiple MAs.
๐ Significant price drop in a short period.
โ๏ธ Current price is $105,676.01, attempting a recovery.
๐ Volume spiked during the sell-off, indicating strong selling pressure.
While the market is attempting a rebound, the immediate outlook remains cautious. This could be a liquidity grab before a larger move, or the start of a deeper correction. Keep a close eye on the $105,000 support level!
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