$USUAL : It reached the support zone, hopefully it bounces here.
Follow me for more analyses like this or other news. You can also check my portfolio with 70 altcoins, diversification, long term, and no leverage. #usual is one of them.
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for new or inexperienced traders, this is an extremely critical moment for btc as it has begun a downward trend. Remember the high volatility of the crypto market; it is advisable to exchange the cryptos for $USDC to avoid losses
$BTC #holding creation of order to buy BTC at 80,000 dollars. tell me what you think, do you think it will drop again before rising exponentially? I'm listening!
#Bitcoin is approaching another little dumping entering a zone with some longs liquidations, with this the $95,000 support will probably be tested again
Much new longs are being liquidated, at least the ones with higher leverages, and we can expect more being liquidated or closed soon with this little push down, which is perfectly normal because is Sunday and we see this little pullbacks all the time at Sundays before the beginning of the week and the markets reopen, there is still much liquidity above being the majority around $100,000, this will attract the Bitcoin price next
Currently, the price of Bitcoin (BTC) is approximately $96,130 USD.
Recently, Bitcoin has experienced a downward trend, with its price briefly falling below $95,000 USD due to inflation concerns and expectations of tighter monetary policies from the Federal Reserve.
Analysts from BCA Research, who have been optimistic about Bitcoin for the past two years, now suggest that the market may be reaching a peak. They point to signals such as the proliferation of memecoins and an excessively bullish sentiment, indicating a potential correction. They suggest that a more attractive price level to buy could be around $75,000 USD.
Additionally, recent technical analysis indicates that Bitcoin is approaching a critical support zone around $90,000 USD. Loss of confidence in the market has contributed to this downward trajectory.
In summary, while it is difficult to predict exactly how far the price of Bitcoin could fall, some analysts suggest that levels like $90,000 USD or even $75,000 USD could be possible support points in a bearish trend.
that is to say, will it continue to fall or will it rise?
Xaif-Crypto
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š» #BTC exchange flow trend has turned bearish as more Bitcoin moves from derivative exchanges to spot, signaling reduced risk exposure by large investors.
Breaking $100K still looks challenging in the short term. Revisiting the $91K-$93K zone seems more likely as a stepping stone.
āļø Market Dynamics:
BTC Dominance: Holding steady, making it tough for Altcoins to carve out new lows. Watching rechecks within this range might provide future opportunities.
$ETH : No major changes; a dip below $2500 could offer a solid entry point for long-term confidence.
š¦ Liquidity Scenarios: In case of significant news, the $88K-$89K range might experience a liquidity sweep. Otherwise, expect the price to bounce back from the $91K-$93K zone.
š $100K Outlook: The $100K milestone may require a few more attempts before breaking upward. Waiting for confirmation or a bounce could be a wise strategy.
šÆ Pro Tip: Stay vigilant and adaptableāmomentum is building! š