What a rough time for all of us !!
Bitcoin is crashing hard but should we worry about the future of this bull run?!
The answer is simply NO !!
even if we drop to $24K we are still , but we should wait for a long time for another All-Time High in that case!!
But where is the rational level we may hit??
$28k is your answer.
1- It is exactly located at 0.61 Fibonacci level
2- There are some long wicks in the past in that area, which indicates a crazy
And after all, we should consider the reaction of other markets as well, if we are to crash below $20k
-Dollar should rise magnificently
-Altcoins will drop to their lowest level of all time
-$ETH will lose its bull run as well and drops below the $450 level
And you really think those institutional traders who have accumulated Bitcoin from $20k will let this happen??
I don’t think so…
So chill for now, there is no harm to exchange your bags to USDT, USDC ,... and BUY THE FKIN DIP whenever you can !!!!
What's the scenario here??
- We may retest the $33k level and then continuation towards $28k.
- In order to get out of this situation, Bitcoin needs to break above $32k-$33k and closes one daily candle above $34.8k, which is above the 21D moving average.
If you like this idea, please hit that like button so I do more of these. Thanks in advance :)
if any other institutional traders are willing to sell, Grayscale will buy their orders IMO.
well you are right but gray scale alone didn't helped btc achieve 40k mark
what i mean is that their are other players this time who jumped into it too
gray scale is a pioneer they will buy it coz they have opportunity to buy it low or high doesn't matter they make money with the percentage of profit weather its 10% or 100% or even -100% from their members
no you are right and you will be am just learning talking with peoples their point of views help me understand more i hope you wont take me as a muttering mumbly