#BTC if it reaches 101,000 or 102,000 if it breaks that area with strong volume it will reach 105,000 or 106,000 but if it does not break it it will continue to fall and possibly reach 94,000
Yesterday BTC break 90k support and touches 89.2k after 3 months as i have predicted in my recent post, but unexpected move happened in crypto market when btc pull back and pull back strongly, Japan aquire more btc, MicroStrategy and black rock aquire more btc at that time when price dip, this dip is very perfect according to future price Analysis but pull back is unexpected, even NASADAQ droped nearly 2% and also US stock market stop at mixed points.
The U.S. dollar hit a two year high, and crude oil prices reached a five months high. This move is just in the favour of 15th Jan report otherwise BTC strongest move is unexpected. Even you should see clearly in 1 day chart that btc makes down trend.
Odaily Planet Daily reports that Russell Investment Company analyst BeiChen Lin said in a report that even if the U.S. inflation report released on Wednesday is only slightly higher than expected, it could trigger a sell-off in the bond and stock markets. The investment strategist said that last Friday's unusually strong U.S. employment report seems to have awakened people's concerns about inflation. He stated: "Although we believe that the yield of U.S. Treasury bonds is attractive at current levels, we still think investors should stick close to their long-term allocation ratios unless yields rise significantly." Economists surveyed by The Wall Street Journal expect the U.S.'s December CPI year-on-year increase to be 2.9%, higher than November's 2.7%. The survey shows that the annual core inflation rate is expected to remain unchanged at 3.3%.
So all data shows that market is going down on Wednesday according to inflation rate and unemployment report, now btc stand at 97k and due to whales purchases at low price send btc above 97k and maybe this pump correction is unexpected dip. Show prepared yourself for anything.
he will go down because he is being manipulated now because he had to go down to take liquidity and go back up more but he didn't take it and that is already manipulation
MansourNoori
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What do you think today about BTC Bullish or Bearish?
it's going down because no companies want to buy BTC at an exaggerated price anymore
Rigoberto Harstad znbc
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Bullish
The market is down it will keep going down until those who are trading with high leverages will get liquidated as it is difficult to get money in market but easy to wipe out the money from already existing money,Which means doing short,Sometimes I think that trading should not be available for everyone as just because of some high leveraged person whole crypto market crashed just because of their illogical thought of making 2 dollars to more dollars by leverage they create instability and unlike spot trading once their position get liquidated short traders find it more easy to do short then going long.Everyone knows they will not get anything doing high leverage but they are just creating barrier for market.$BTC