Ana

06/09 09:19

Bitcoin’s decline isn’t chaos; it’s a calculated r

Bitcoin’s decline isn’t chaos; it’s a calculated reset – Assessing why…

Bitcoin’s $8B decline signals potential for a rebound, but macro challenges and bears remain in control.

Macro headwinds are starting to weigh on the market. FUD is picking up, demand is clearly slowing, and bears are beginning to find their footing. 
Bitcoin [BTC] hasn’t established a reliable support base yet, and with long positions stacked up, the risk of a liquidation cascade is real. 
Still, the market feels like it’s on a knife’s edge.  One decisive move from the bulls could flip the momentum fast.  The next move likely defines the short-term trend.

Let’s take a look at Bitcoin’s daily chart. You’ll see five straight red candles lighting up the board. 
On the 27th of May, BTC briefly touched $110K , then bears crashed the party hard, triggering a swift sell-off that squeezed the bulls tight.
But the catch is, this .

#Check In Weekly, Win Prizes Weekly — Join the Fun!#Share Your Thoughts on Popular Assets in June#New Listings on HTX

1Partager