Get ready — Bitcoin is approaching the $70K mark and may experience a sharp drop. Avoid holding open trades in this volatile situation. Stay cautious and wait for a clear recovery before re-entering.#btcbelow70k
In the last 24 hours, over $800 million worth of Bitcoin and other cryptocurrencies have been liquidated. Additionally, liquidation levels between $94k and $95k are being closely monitored.
If the market experiences a pullback from its current levels, it could signal a recovery. However, if Bitcoin faces further downward pressure, the price might drop to around $95k.
Let’s see how the market unfolds in the coming hours. Stay cautious and plan your trades wisely.
1) You can check for yourself (on the monthly price chart) that every time $BTC reaches an ATH, it then drops between two and eight months.
2) If you were the President of the world's leading power and wanted to build up a reserve of assets for your country, would you buy them HIGH or LOW? 🤔