I believe that BTC has reached its natural peak at $ 41k. The rapid drop to $ 29k confirmed the market's weakness and the rebound from $ 32k was artificially triggered by Elon Musk, who stopped the downturn and, at the right moment, "gave an artificial boost" to knock the fencers out of the game. Again, the situation was saved by him by a tweet about Tesla's investment. Currently, we are dealing with a pump that was created artificially and had no outlet in the price. The BTC rate moves in a strange channel with falling volume, with occasional strong drops bought by smaller players. Institutions cannot come out "suddenly" so the exit process can continue. How long? Even to reach new heights but I bet it is happening now. An additional threat to BTC is the SEC lawsuit against Ripple. The consequences of a potential failure of Rippel may only affect the crypto market in some time, but they can be a flashpoint and push this ball off the slope.
Potential decline in the current correction to 618 traffic from $ 30k.
I agree. Sentiment is overly bullish right now & Elon should get in trouble by SEC for market manipulation. Where do you see the bottom for this current rally? $8-10k? or $10-15k? Thanks
JohnBat
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@manjotsbajwa realy i dont know . First stop ppr is on 42k