BTCUSD will continue dropping. When buy? (NEW)
With FTX exchange collapse the whole crypto market has been collapsing.
BTC broke the key support and reached $15700. The bounce that we saw yesterday was just a successful bearish retest.
Most likely the price will continue dropping.
It wouldn´t be surprising to see more crypto firms, lending platforms collapsing in the next days or weeks which would increase even more bearish sentiment in the market what would result in a final leg down also for BTC.
The sentiment is very bearish and onchain data shows that people withdraw their coins from cryptocurrency exchanges.
It´s fearful territory and it may be very ugly soon.
$14 000 is not a strong support therefore we expect that if the price continues dropping, we will see $12 000 - $10 000.
DCA between $14 000 - $10 000 which seems to be a perfect buy area for a long-term investment.
P.S Not your keys , not your crypto. Buy the ledger and withdraw your coins from exchanges.
Good luck
BTC broke the key support and reached $15700. The bounce that we saw yesterday was just a successful bearish retest.
Most likely the price will continue dropping.
It wouldn´t be surprising to see more crypto firms, lending platforms collapsing in the next days or weeks which would increase even more bearish sentiment in the market what would result in a final leg down also for BTC.
The sentiment is very bearish and onchain data shows that people withdraw their coins from cryptocurrency exchanges.
It´s fearful territory and it may be very ugly soon.
$14 000 is not a strong support therefore we expect that if the price continues dropping, we will see $12 000 - $10 000.
DCA between $14 000 - $10 000 which seems to be a perfect buy area for a long-term investment.
P.S Not your keys , not your crypto. Buy the ledger and withdraw your coins from exchanges.
Good luck
Note
Short-term bounce is likely. However, the target remains unchanged.
💥 Free signals and ideas ➡ t.me/vfinvestment
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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.
💥 Free signals and ideas ➡ t.me/vfinvestment
Related publications
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.