🔴 *BREAKING: BITCOIN falls below $80,000!*
BTC is now at $79,700—its lowest level in the past month!
*Why is it dropping?*
📉 *Outflows from ETFs:* $635.5 million has been withdrawn in a single day—the largest outflow since June. BlackRock and Fidelity alone sold $471 million worth!
🌍 *Fears of war:* The U.S. is evacuating personnel from the Middle East; rising tensions between Iran and the U.S. have triggered a "risk-off" sentiment across the entire market.
⛽ *Oil above $110:* Brent Crude has climbed past $110. Concerns over rising inflation have left everyone anxious ahead of the upcoming Fed meeting (Oct 28).
*What are the next levels?*
Support: $80,000 – $79,650
If this level breaks, the price could drop toward $78,770.
The Fear & Greed Index has hit 25 (Extreme Fear)!
Will you buy the dip, or are you waiting for further developments? 👇
#Bitcoin #BTC #CryptoCrash #DevRajCrypto #Binance ---
💰 BTC UPDATE: $80,500
24h: -2.52%
High: $81,846 | Low: $79,220
The market is currently in a state of "Extreme Fear." Selling pressure is being driven by ETF outflows and news regarding potential conflict.
If it holds the $80K level, we might see a bounce; otherwise, it could test $79K. Stay away from leverage—DCA (Dollar-Cost Averaging) in the spot market is the best approach! @DevRajCrypto
BTC is now at $79,700—its lowest level in the past month!
*Why is it dropping?*
📉 *Outflows from ETFs:* $635.5 million has been withdrawn in a single day—the largest outflow since June. BlackRock and Fidelity alone sold $471 million worth!
🌍 *Fears of war:* The U.S. is evacuating personnel from the Middle East; rising tensions between Iran and the U.S. have triggered a "risk-off" sentiment across the entire market.
⛽ *Oil above $110:* Brent Crude has climbed past $110. Concerns over rising inflation have left everyone anxious ahead of the upcoming Fed meeting (Oct 28).
*What are the next levels?*
Support: $80,000 – $79,650
If this level breaks, the price could drop toward $78,770.
The Fear & Greed Index has hit 25 (Extreme Fear)!
Will you buy the dip, or are you waiting for further developments? 👇
#Bitcoin #BTC #CryptoCrash #DevRajCrypto #Binance ---
💰 BTC UPDATE: $80,500
24h: -2.52%
High: $81,846 | Low: $79,220
The market is currently in a state of "Extreme Fear." Selling pressure is being driven by ETF outflows and news regarding potential conflict.
If it holds the $80K level, we might see a bounce; otherwise, it could test $79K. Stay away from leverage—DCA (Dollar-Cost Averaging) in the spot market is the best approach! @DevRajCrypto
