❗️ Quick $BTC update ❗️
Just another weekend play, bitcoin showed some significant downtrend,
Here is what could happen,
Keep in bigger picture will get clear soon we hit some serious lows from here, btc will eventually hit over $200,000 but before that it will drop down to some zones I mentioned over and over again. The development and new money coming is plays crucial role in establishing btc higher price value and importantly the factors involved in dump or pump cannot be seen simply on charts,
Bitcoin could climb little from here but will drop again, lows like $60,000-$50,000 are likely to happen, why i am talking about this over and over ?
The main reason is the liquidity, moving money from one assest to another so one dumps and other pumps, doesn’t brings stability in assets, it only brings crash in the market. For better understanding you need to track new money coming into market, most people fell for this institutional trick and start buying highs and selling lows, which only results their money to jump into other pockets,
Unless we see serious money coming in, your Bulls like Micheal berry buying stock instead of shorting, you cannot just see shifts of money and go crazy over bulls, dyor
Just another weekend play, bitcoin showed some significant downtrend,
Here is what could happen,
Keep in bigger picture will get clear soon we hit some serious lows from here, btc will eventually hit over $200,000 but before that it will drop down to some zones I mentioned over and over again. The development and new money coming is plays crucial role in establishing btc higher price value and importantly the factors involved in dump or pump cannot be seen simply on charts,
Bitcoin could climb little from here but will drop again, lows like $60,000-$50,000 are likely to happen, why i am talking about this over and over ?
The main reason is the liquidity, moving money from one assest to another so one dumps and other pumps, doesn’t brings stability in assets, it only brings crash in the market. For better understanding you need to track new money coming into market, most people fell for this institutional trick and start buying highs and selling lows, which only results their money to jump into other pockets,
Unless we see serious money coming in, your Bulls like Micheal berry buying stock instead of shorting, you cannot just see shifts of money and go crazy over bulls, dyor
