I am a hoarder and I plan to sell until I am an old pensioner for my own collapse to buy cheaper
Post
asaph1
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$117,000: The impenetrable wall that Bitcoin needs to break to continue its party. 🧱
What's up, crew! Bitcoin, which had already touched the sky with its record of over $124,000, pulled back. The reason? The market got nervous, but just when it seemed a tougher correction was coming, the Federal Reserve dropped a bombshell that saved it: they might cut interest rates! This was like a shot of energy for Bitcoin, which rebounded strongly and is now in a crucial fight.
In the daily chart, BTC had broken its upward channel, and that is a warning sign, but with the spark from the FED, it managed to rebound in the $110,000 area. Be careful, as that area is vital because it also coincides with a key indicator called the 100-day moving average. Although the market is indecisive, if the rebound continues, it could seek the $130,000 area or more again. If not, it could return to the $100,000 area, which would be a hard hit but not lethal. 📉
In the daily chart, BTC had broken its upward channel, and that is a warning sign, but with the spark from the FED, it managed to rebound in the $110,000 area. Be careful, as that area is vital because it also coincides with a key indicator called the 100-day moving average. Although the market is indecisive, if the rebound continues, it could seek the $130,000 area or more again. If not, it could return to the $100,000 area, which would be a hard hit but not lethal. 📉
