📊 Mt. Gox movements in the past 5 years. Not Much BTC Pric | yehtet_analyst on Binance Square

Trending Articles

Bookmarked and Liked

--

Bullish

📊 Mt. Gox movements in the past 5 years.
Not Much BTC Price Impact Due to Mt. Gox Transfers.
Bitcoin Will Continue Upward Move, Once the Pullback Is Over 🚀 
$BTC 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

141

0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@yehtet

Explore More From Creator

Hurry binance free $9 giveaway , CLAIM it here. Click Here

--

Why is trading so hard?

--

I already warned you that $BTC 's Support Level Support Levels: - $58,000 - $60,000: A crucial support range. A break below this could signal further declines. - $52,000: Identified as a strong support level based on historical data.

--

$BTC 's Recent Price Drop and Potential Reversal Points Reasons for the Price Drop: 1. Mt. Gox Repayments: Concerns arose over the potential sell-off of Bitcoin by Mt. Gox creditors, leading to fears of market oversupply. 2. High Leverage and Liquidations: A high number of leveraged positions were liquidated, exacerbating the price decline. 3. Institutional Outflows and Miner Capitulation: Decreased demand from institutional investors, as seen with GBTC outflows, and miners selling their holdings due to reduced profitability also contributed to the drop. Potential Reversal Points: 1. Support Levels: - $58,000 - $60,000: A crucial support range. A break below this could signal further declines. - $52,000: Identified as a strong support level based on historical data. 2. Technical Indicators: - Moving Averages: Watching for interactions with key averages like the 50-day and 200-day can help identify reversal signals. - RSI Levels: An RSI below 30 might indicate oversold conditions, suggesting a possible buying opportunity. 3. Market Sentiment and External Factors: - News and Regulatory Developments: Positive developments could boost market confidence and trigger a reversal. - Miner Activity: An increase in mining activity and hash rate could support price stabilization. 4. Macro Economic Trends: - Broader economic trends, including shifts in interest rates and inflation expectations, could influence Bitcoin's market dynamics. These factors highlight the complex and volatile nature of the cryptocurrency market, where multiple elements can influence price movements and potential recovery.

--

BTC Update Why BTC dumping? https://app.binance.com/uni-qr/cart/9884221612554?r=137930985&l=en&uco=nZvXLGEFPbMTX9wFuPm7Qw&uc=app_square_share_link&us=copylink $BTC

--

Latest News

CFTC Acting Chair Caroline D. Pham Rumored to Join MoonPay

--

Ethereum(ETH) Drops Below 4,400 USDT with a 7.62% Decrease in 24 Hours

--

Bitcoin(BTC) Drops Below 111,000 USDT with a 0.98% Decrease in 24 Hours

--

BNB Drops Below 860 USDT with a 0.64% Decrease in 24 Hours

--

Ethereum(ETH) Drops Below 4,500 USDT with a 8.78% Decrease in 24 Hours

--

Trending Articles

🚨 ETH Market Alert: Critical Trend to Watch Tonight

Saad Prince Brand

Fed Just Turned Dovish — What It Means Now

Falling Into the Trap: Why Beginners Repeat the Same Mistakes!

China’s mega dam sparks water war fears in India. India fea

ETH Buy Alert: “The Bull Run Just Got an Upgrade”

Cookie Preferences

Cookie Preferences