bitcoinfalls

Why Bitcoin Suddenly Falls After Touching 87,394 price level ⁉️🤔

Here are 2 Reasons:

1️⃣ Solid Liquidation Reversal: So if you see the chart it just touches the recent high and fall backs, its because so many retail traders as well as swing traders places their TP in this level. So it becomes a solid liquidation level and thats why it falls aggresively as buyers does not have so much volume to acquire that much liquidation.

2️⃣ Price Action : You can clearly see in the chart that bitcoin is respecting this trend line so may be it will test the 83,889 level also then it will continue the upward movement.

Whats my view : According to me its the right time to enter in $BTC long with SL 81000

Other coins to watch $SUI $POL both are down, start making small positions on both will be a good option

#bitcoinfalls #altcoins #TechnicalAnalysis