💥 $BTC LOST $64,000 AND HIT A 3-MONTH LOW 📉
Today I found that Bitcoin hadn’t stopped falling: this afternoon it dropped below $64,000 and hit $63,400, its lowest level in 3 months. In a single hour, positions worth $691 million were forcibly closed, almost all belonging to people betting that the price would rise. According to CoinDesk, the biggest sellers right now are those who bought in September above $80,000, and analyst James Check says this is the fourth time investors have capitulated en masse since the all-time high.
I think this is the moment when you see who got in out of conviction and who got in because it was trendy.
Will it keep falling, or has it already corrected? The chart has the answer.
#Bitcoin
Today I found that Bitcoin hadn’t stopped falling: this afternoon it dropped below $64,000 and hit $63,400, its lowest level in 3 months. In a single hour, positions worth $691 million were forcibly closed, almost all belonging to people betting that the price would rise. According to CoinDesk, the biggest sellers right now are those who bought in September above $80,000, and analyst James Check says this is the fourth time investors have capitulated en masse since the all-time high.
I think this is the moment when you see who got in out of conviction and who got in because it was trendy.
Will it keep falling, or has it already corrected? The chart has the answer.
#Bitcoin
