Extremely sarcastic subject title! The transfer of wealth in the making will be from those that bought at $2+ and sell at $0.65 while whales buy the dip.
Gotta love a good bull trap! Pump it to dump it, bearish scenarios are invalidated at 93k BTC. Targets remain @ 72k, 70k and 68k with a slight possibility of 62k
Pick your poison! So long as 84.5k holds I believe we back test the upper CME gap at 93.6k to reject and fill the lower gap. With that being said I believe we head lowerhave short TP's set at 72, 68 and 62k. This matches my usdt.d analysis over the past few weeks since 107k
Double top targeting 68k or a diamond top targeting 72.5k. Double top would be in play after breaking 89k. Diamond top has already broken structure at 93.5k.
USDT.D chart with recent BTC price action overlay suggests that bears have taken control. Prior to Yesterday's bybit hack we seemed to have been on track for a bullish recovery from 94k to 102-108k. However, the hack seems to have given the bears the push they needed to tip the scale.
Usdt dominance appeared to be showing a bearish break out (good for bulls) until the bybit hack. As shown in the chart, crypto "should" maintain today's low if this are to remain bullish.
Not financial advice, simply my findings after years of losing, learning, making some of the biggest price predictions on TG (50k to 38k/ 73k to 60k/ 56k to 70k and 70k to 56.5k) and trading.
Bitcoin has broken structure (loss of yellow uptrend from October of 2023) while maintaining a bullish structure (lower green trend). If yellow rejects and we lose green...
