Drop $BTC
The recent Bitcoin drop is due to massive outflows from spot ETFs, leveraged liquidations, and global risk aversion. The price is projected to range between 65,000 and 70,000 USD over the weekend, with a possible recovery toward the end of the year or early next year.
Reasons for the drop:
Continued capital outflows from BTC exchange-traded funds (ETFs).
Forced closure of long positions (liquidations) due to falling prices.
Macroeconomic uncertainty and correlation with traditional markets.
Weekend outlook: The tentative price range is estimated to be between 65,000 and 70,000 USD, putting it in a zone of high volatility and key technical support.
Recovery outlook: A phase of consolidation and accumulation is anticipated during November and December, with a recovery projected to begin between late December and January, depending on factors such as inflation, Federal Reserve (Fed) decisions, and ETF flows.
#BinanceWritetoEarncampaign
#BinanceSquare
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The recent Bitcoin drop is due to massive outflows from spot ETFs, leveraged liquidations, and global risk aversion. The price is projected to range between 65,000 and 70,000 USD over the weekend, with a possible recovery toward the end of the year or early next year.
Reasons for the drop:
Continued capital outflows from BTC exchange-traded funds (ETFs).
Forced closure of long positions (liquidations) due to falling prices.
Macroeconomic uncertainty and correlation with traditional markets.
Weekend outlook: The tentative price range is estimated to be between 65,000 and 70,000 USD, putting it in a zone of high volatility and key technical support.
Recovery outlook: A phase of consolidation and accumulation is anticipated during November and December, with a recovery projected to begin between late December and January, depending on factors such as inflation, Federal Reserve (Fed) decisions, and ETF flows.
#BinanceWritetoEarncampaign
#BinanceSquare
If you like my posts, please 👍🏻 Like, 📝 Comment, and 📩 Share.
