Bitcoin opened the day under pressure this Thursday, reaching the US$ 83k region. The move follows a broader drop in the crypto market. ๏ฟฝ
Binance +1
๐ But why is it falling?
๐ Geopolitical tensions
๐ข๏ธ Oil up
๐ Yields on US Treasury bonds are elevated
๐ต Stronger dollar
๐ฅ Liquidations in the crypto market
The macro backdrop is increasing risk aversion and putting pressure on BTC and altcoins. ๏ฟฝ
Reuters +1
Now the question is:
๐ Can BTC recover the US$ 83k, or can this drop still continue?
๐ Comment: ๐ RECOVERS or ๐ป FALLS MORE? BITCOIN LOST THE $83K: WHAT IS HAPPENING? ๐
Bitcoin opened under pressure this Thursday, reaching the $83k region. The move follows a broader pullback in the crypto market. ๏ฟฝ
Binance +1
๐ But why is it falling?
๐ Geopolitical tensions
๐ข๏ธ Oil up
๐ US bond yields high
๐ต Stronger dollar
๐ฅ Liquidations in the crypto market
The macro scenario is increasing risk aversion and putting pressure on BTC and altcoins. ๏ฟฝ
Reuters +1
Now comes the question:
๐ Can BTC recover the $83k or could this drop still continue?
๐ Comment: ๐ RECOVERS or ๐ป FALLS MORE?
