Another red month has passed for the crypto world.
BTC held for over $ 10,000 for a while, but then plummeted to around $ 8,000. Unlike other similar cases, this time around Altcoins performed relatively well against BTC.
The decline in BTC is probably due to unjustified expectations of Bakkt Bitcoin Futures. Many Crypto specialists predicted $ 100,000 BTC when Bakkt released the long-awaited futures, but investors did not respond as many expected. This led to distrust in the people and mass sales of BTC.
There's light at the end of the tunnel!
Not all is lost, see trading volumes on different exchanges.
See what volumes the market is going up and what volumes are going down.
Sales volumes are many times smaller than purchase volumes.
We expect upward movement at BTC, there is no other way!
Many support levels around $7 000 - $7 500!
1. 61,8 Fibonacci
2. Support line from downtrend.
3. Support line from previous corrections.
BTC held for over $ 10,000 for a while, but then plummeted to around $ 8,000. Unlike other similar cases, this time around Altcoins performed relatively well against BTC.
The decline in BTC is probably due to unjustified expectations of Bakkt Bitcoin Futures. Many Crypto specialists predicted $ 100,000 BTC when Bakkt released the long-awaited futures, but investors did not respond as many expected. This led to distrust in the people and mass sales of BTC.
There's light at the end of the tunnel!
Not all is lost, see trading volumes on different exchanges.
See what volumes the market is going up and what volumes are going down.
Sales volumes are many times smaller than purchase volumes.
We expect upward movement at BTC, there is no other way!
Many support levels around $7 000 - $7 500!
1. 61,8 Fibonacci
2. Support line from downtrend.
3. Support line from previous corrections.
Note
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❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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.
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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.