Bitcoin just took a sudden dive, crashing through its consolidation range to hit around $115,000. Intense selling pressure, which really picked up after the US market closed, pushed it below the range it had been holding for almost three weeks. Did anyone see what happened?
Technically, this breakdown was pretty apparent, as highs have been consistently lower over the past three weeks, indicating a steady build-up of short-selling pressure. If it can't hold at $110,000, expect the next support to be around $106,000-$108,000.
@TigerObserver @Tiger_comments @TigerStars @TigerPM @Daily_Discussion $Strategy(MSTR)$
$Coinbase Global, Inc.(COIN)$
$Robinhood(HOOD)$
$eToro Group Ltd.(ETOR)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments