The reading of everyone: Watch out, it can go up and if it doesn't, it will go down hahahaha that's not predicting what's going to happen hahaha
Post
asaph1
·
--
THIS IS NOT A JOKE. ⚠️ This is what happens if BTC falls to $116k. Save your USDT!
Hey! Did you see how Bitcoin dropped for us and broke the barrier of $124,000? 😱 Watch out for that! It's not time to panic, but it's definitely time to be super alert because the correction has gotten serious. Imagine that BTC was trying to crown the peak of $125,000, but those betting on the downside (the "bears" or short-sellers, as we call them) put a very strong brake on it and pushed it down to hit a floor of $119,810. It almost lost the 120k!
What's really going on?
Look, the price right now is struggling below $123,000 and, more importantly, below the 100-hour moving average (it's like the trend line that marks the recent average prices, and if you're below, things look weak). There's a bearish trend line acting as an invisible wall near $122,750. This is key: as long as it doesn't get past that wall, the bears are in control of the party.
What's really going on?
Look, the price right now is struggling below $123,000 and, more importantly, below the 100-hour moving average (it's like the trend line that marks the recent average prices, and if you're below, things look weak). There's a bearish trend line acting as an invisible wall near $122,750. This is key: as long as it doesn't get past that wall, the bears are in control of the party.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.