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CRYPTO MECHANIC
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Bitcoin
Price Ranges.
Above $100k - Still Bullish
Acceptance Below $100k on daily closing basis - Bearish
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BTC
101 374,88
-1.21%
6.9k
0
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The most downside on Altcoins was triggered by this war news. Because people trade or Hold altcoins the most and they panicked on these. Bitcoin is mostly held by Institutions , Saylor, Blackrock or people who don't want to sell. This is why its holding relatively stronger than the rest of the market.
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$1.900 is the line of defence for $XRP Had multiple bounces from this area, A lot of bag holders from this zone. Once price lose this i think a lot of them will start to capitulate. Worth keeping an eye on.
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This was me telling you "Alts are weak" on two different dates. Most are down 30% on average. This is not the bad part, The bad part is, These things are still not showing any signs of life.
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Bitcoin still a fine chart, Managed to close above $100k and technically still within the range. The week is just started the only risk is "War" headlines Acceptance below $100k on daily closing basis will open more room for downside. I will keep you guys updated.
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Good morning
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