As we can see Black & Red trendline resistances here stop the price from pumping and we have a range market here before this resistance zones break or 55K$ support break.
so only after breaking the 60K$ resistance zone market is once again bullish and also more dump is ahead if 55K local support here break.
DISCLAIMER: ((trade based on your own decision )) <<press like👍 if you enjoy💚>>
To me, the REAL ATH is still 65k reached on 14 Apr 2021. This bull run was just a fool run in which whales took max advantage of 'hopes and dreams folks' dreaming of 100k or even 200k for this cycle.
y01004750
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@Ehsan_1982, A-MEN BROTHA
x333-
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like most of the BTC's top cycle there's little energy bubble happens and fads away this time wasnt different Plan B and his robo friends 2nd leg of bull run were neither rich nor right
Ehsan_1307
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That’s interesting so many folks and analysis are talikung about the new COVID variant identified today and it caused BTC drop but the main reason is rooted in a very simple technical reason. I don’t believe news can change the whole structure of the chart but they might act as a catalyst. I called the bear market before this crash and I alert folks when we were at the top 69k and at that time there was no new COVID variant or something like this. When we cant find a technical reason we look for a news or something to relate it. There are always technical reason. Don’t forget it.
My apologies but some of us really need to learn more about this market and trade like closed eyes. Many are easily loosing their money and some are looking what is others opinion. Many are saying what should we buy now? When do we buy? When to sell? etc. I am being frank and may not to be nice talking about this stuff but this is the reality.
dermedics3
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@Ehsan_1982, big yes rich people taking there profits, so if you want to liquidate your assets buy now 😂 This is common sense , We feed them so they can sell there assets, thats why in the next bull run btc can reach 100k to 1M Lets ride with there game
Ehsan_1307
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@dermedics3, there is no long term bull run anymore I believe. The market obviously is very exhausted for a long term bull run. Don’t u smell that? These are just short term bull run. I think we have another short term bull run which could be the last one. The market needs to rest for a year to start fresh. The bull run has been nearly expired. Everything actually gets expired one day.
dermedics3
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@Ehsan_1982, i wait the 80% dip
x333-
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@Ehsan_1982, what covid has to do with BTC didnt effect all market anyway( year '20 effected all market)...... it was perfectly planned Thanksgiving after dump............wonder how musk knew about 69k was the cycle top ...he too long ago said (not a fan of him or anything)