Last week, Bitcoin corrected by 15%. This led to the liquidation of many buyers, and the recovery of much liquidity, notably at the $65600 and $62300 levels.
This decline was accentuated by Saturday's geopolitical events.
BTC is currently trading around $65700, but the correction may not be quite over yet.
In my opinion, this correction is primarily due to the Halving that's coming next week, "Sell the news, buy the rumour". Investors are indecisive, and CMS is manipulating.
For the time being, I'm still selling Bitcoin. My objective would be to recover the $60700 mark (first green liquidity zone on my chart). My most bearish vision would be to return to the OTE zone, to recover liquidity at $57500.
Feel free to put a boost on this post if you liked my analysis, and tell me what you think!
Good trading and happy week :)
This decline was accentuated by Saturday's geopolitical events.
BTC is currently trading around $65700, but the correction may not be quite over yet.
In my opinion, this correction is primarily due to the Halving that's coming next week, "Sell the news, buy the rumour". Investors are indecisive, and CMS is manipulating.
For the time being, I'm still selling Bitcoin. My objective would be to recover the $60700 mark (first green liquidity zone on my chart). My most bearish vision would be to return to the OTE zone, to recover liquidity at $57500.
Feel free to put a boost on this post if you liked my analysis, and tell me what you think!
Good trading and happy week :)