🚨 Bitcoin Returns to the Fear Zone!
Bitcoin is showing signs of weakness again.
$BTC has closed below its 50-week moving average after staying above it for 8 weeks. More than $1 billion in liquidations were also reported in the last 24 hours.
This has made traders more cautious about the market.
Now the big question is whether this is just a temporary correction or the start of a bigger drop.
Is this a bull trap, or can Bitcoin recover from here?
I'm watching the next few weekly candles closely. 👀
#BitcoinFiveWeeklyLosses
#AIChipSlumpNasdaq
#TradFiForBeginners
#NvidiaInvestigatesAfterHuang’sAffairApology
#SouthKoreaDraftLawTargets15To20%ShareholderCap
Bitcoin is showing signs of weakness again.
$BTC has closed below its 50-week moving average after staying above it for 8 weeks. More than $1 billion in liquidations were also reported in the last 24 hours.
This has made traders more cautious about the market.
Now the big question is whether this is just a temporary correction or the start of a bigger drop.
Is this a bull trap, or can Bitcoin recover from here?
I'm watching the next few weekly candles closely. 👀
#BitcoinFiveWeeklyLosses
#AIChipSlumpNasdaq
#TradFiForBeginners
#NvidiaInvestigatesAfterHuang’sAffairApology
#SouthKoreaDraftLawTargets15To20%ShareholderCap


