The overbought state of the #SP500, the upcoming #Fed's #RateCut decision risk and the buy the rumors sell the facts philosophy along with pre-seasonal profit taking could send the price of #Bitcoin as low as $102K.
In addition, the
BTC liquidation map shows a total of ~$2 billion in highly leveraged bullish positions from the $102K price level. Those have to be erased before we can go higher.
In addition, the
BTC liquidation map shows a total of ~$2 billion in highly leveraged bullish positions from the $102K price level. Those have to be erased before we can go higher.Trade active
Mt. Gox transfers $172M #Bitcoin to new wallets as BTC hovers near $107KTrade closed: target reached
Setting the first #TakeProfit at $104.25KNote
This idea played out well.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.