okx

$BTC Has Dumped To $65K: The Reason & Should We be Worried?

时间:2024-03-15|浏览:232

Today we have seen the major correction that I have talked about in my previous posts. $BTC dumped more than 12% reaching a low price of $65,000, liquidation price is insane as billions of dollars were lost in liquidation & as per the charts below we will assess the situation of why BTC had this major dump, correction or pull back that might happen and the opportunities that we have right now...

Let's Dive In

BTCHASDUMPEDTO65KTHEREASONSHOULDWEBEWORRIED

The Reason $BTC Dumped

1. Long Price Surge

As we saw in the previous 2 month BTC was ridiculously increasing as it passed it's all time high price and continued towards $73,000 range. This increase wouldn't continue as we know that any major increase must be followed by a correction.

2. BTC Spot ETF Volume

This week we saw a decrease in the net flow volume of the BTC Spot ETF reaching as low as $132 Million USD as we were seeing in previous weeks billions of net flows per day.

3. Historical BTC Halving Dump️

Historically we have seen the price of BTC suffers a major correction before the BTC Halving even which will be upon us next month.

BTCHASDUMPEDTO65KTHEREASONSHOULDWEBEWORRIED

What is BTC's Next Move

? Scenario 1

If BTC breaks above $71,000 and stays above, this will mark the return of the Bullish momentum and the expectations should be positive.

BTCHASDUMPEDTO65KTHEREASONSHOULDWEBEWORRIED

Scenario 2

(I think this is the closest scenario) If BTC hovers below previous All Time High $69,000 and gets rejected we could end up dumping back to the $65,000 range which was the support level created and even lower. Thus a bearish diversion will be official.

BTCHASDUMPEDTO65KTHEREASONSHOULDWEBEWORRIED

Opportunities

As we saw that most of the Altcoins dropped significantly, I was continuously telling you to keep cash on hand and buy the dip, hence now is your major opportunity to buy the dip as we won't see those prices happening any more.

Attention

Don't long Futures as if you are smart and you think that you have cought the bottom point, unless we get a confirmation we could be going lower so keep that in your mind

️ Written By @CryptoVenom

热点:BTC BE THE

« 上一条| 下一条 »
区块链交流群
数藏交流群

合作伙伴

数字财经 兼职信息网 免费电影 二手域名 币圈交流群 玩合约 周公解梦 皮卡丘资讯 币爸爸 數字黃金 茶百科 元宇宙Web 宝宝起名 币圈论坛 培训资讯网 佩佩蛙官网 百悦米 起名取名网 去玩呗SPA 金色币圈 秒懂域名 装修装饰网 天天财富 聚币网 妈妈知道 趣玩币 代特币圈 黄金行情 玩票票财经 宠物丫 今日黄金 币圈ICO官网 美白没斑啦 百科书库 谷歌留痕 趣开心资讯 币圈官网 非小号行情 谈股票 借春秋 旅游资讯网 减肥瘦身吧 借春秋财经 爱网站
在区块链世界中,智能合约不仅是代码的信任,更是商业的革命。通过了解其在供应链、版权保护等领域的应用,您将真正体验到智能合约的无限可能性
区块链世界GxPiKaQiu.com ©2020-2024版权所有 桂ICP备16002597号-2