BTC at $84K Why I’m Still Bearish Despite the Pump ⚠️🚨

In my last post about BTC, I told you all that BTC was being pushed upward through manipulation. Even when BTC was around $80K, I mentioned that the $83K–$84K area was a place where a lot of short traders had their liquidations, and at that time I already had an idea that, considering the way BTC had moved up due to manipulation, reaching $84K to 85k would eventually become a normal move.

A lot of traders ask me the same question: if BTC has moved up through manipulation, then what about BTC’s supply continuously decreasing, adoption increasing rapidly, and all the other things we keep hearing?

After hearing these things, I want to ask them one simple question: How much does BTC actually contribute to your daily life?

If inflation is rising rapidly, jobs are becoming difficult to find, and there is a war going on around the world, at that moment, whether you have BTC or gold, you may have to sell your assets to fulfill your basic needs. Your life is not running because of BTC; rather, BTC exists because people have a life and an economy around it.

And since ETFs became involved in the market, whenever major news comes into the market, whether positive or negative, it can have an impact across markets, whether it is BTC, gold, or other assets.

Even today, BTC has reached $84K. Most short traders have already been liquidated, while some traders who were already stuck in their positions have placed their liquidation levels above $85K.

I personally do not have confidence in this entire pump because, in my opinion, when wars are taking place around the world, they have an impact on the entire global economy. Inflation can rise quickly because oil prices can increase, which makes almost everything more expensive.

At that time, you don’t necessarily hold BTC or gold forever. You may have to sell whatever assets you have to fulfill your needs and survive.

But BTC is still pumping against all of these factors. And when I look at the volume, I honestly do not believe this is strong enough to confirm this as genuine buying volume.

Yes, I am still bearish, and I believe the market will eventually make people understand what I have been saying. When the overall markets face another major correction, I will mention my previous posts again so you can remember what I was explaining.

I have been continuously sharing this guidance so that people who don’t even know the basics can learn from my experience. Maybe you won’t find someone explaining these things to you for free, but I have been continuously trying to provide this guidance so people can understand the market better.

As for BTC, I will simply say that the people who are stuck in their short positions may need to remain patient.

And for long traders, if you are already in profit, that’s a good thing. But if you are thinking about opening a new long position from this area, there is a possibility that it could turn into one of the biggest mistakes of your trading journey.

According to my analysis, BTC should eventually move toward the $74K area. Since a large number of long liquidations are below $74K, it is possible that we may see another drop in the market at some point.

I will share the remaining updates after some time.

For those who need proper guidance, you can reach out to me.

#BTCUSD