The Chartist33
1 Posty
The Chartist33
Interpreting the market through technical analysis
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$BTC is heading towards 50K.
#Bitcoin recently dropped below 70K after trading above it since April and getting close to 83K. This shows the bears are in control, and the initial bullish movement was to create liquidity to take below.
With Saylor and major players selling, the market might be looking at 50K-60K as a balance before consolidating, either going lower or starting a proper bullish trend.
As an investor, you don't have to panic; this is the best time to stay calm and make better investment decisions.
DYOR, and trade wisely.
#Bitcoin recently dropped below 70K after trading above it since April and getting close to 83K. This shows the bears are in control, and the initial bullish movement was to create liquidity to take below.
With Saylor and major players selling, the market might be looking at 50K-60K as a balance before consolidating, either going lower or starting a proper bullish trend.
As an investor, you don't have to panic; this is the best time to stay calm and make better investment decisions.
DYOR, and trade wisely.
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