🚨 BTC $50,000 COMING SOON? 📉
Look at the Bitcoin monthly chart!
BTC is currently around $69,731, down approximately 16.52% over the past month.
📉 What the chart is telling us:
1️⃣ Strong bearish momentum: BTC has been making lower highs and lower lows.
2️⃣ Support under pressure: The recent low is around $68,143. If selling pressure continues, further downside is possible.
3️⃣ Psychological level: $60K could become an important level to watch.
4️⃣ Major downside target: If bearish momentum continues and key supports break, $50,000 could become a possible target.
🔥 My view:
Don't assume the bottom is in yet. The market needs to show a strong reversal before confirming a trend change.
⚠️ $50K is a bearish scenario, NOT a guaranteed prediction. Manage your risk and don't blindly short.
What do you think?
BTC $50K or $100K first? 👇$BTC
Look at the Bitcoin monthly chart!
BTC is currently around $69,731, down approximately 16.52% over the past month.
📉 What the chart is telling us:
1️⃣ Strong bearish momentum: BTC has been making lower highs and lower lows.
2️⃣ Support under pressure: The recent low is around $68,143. If selling pressure continues, further downside is possible.
3️⃣ Psychological level: $60K could become an important level to watch.
4️⃣ Major downside target: If bearish momentum continues and key supports break, $50,000 could become a possible target.
🔥 My view:
Don't assume the bottom is in yet. The market needs to show a strong reversal before confirming a trend change.
⚠️ $50K is a bearish scenario, NOT a guaranteed prediction. Manage your risk and don't blindly short.
What do you think?
BTC $50K or $100K first? 👇$BTC
