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