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Why Has Bitcoin fallen To $67,000 Range? Explained.
Bitcoin / TetherUS
Long
Why Has Bitcoin fallen To $67,000 Range? Explained.
By lubosi
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Oct 26, 2024
1
Oct 26, 2024
Looking at the sentiment below the bitcoin
chart
BTC1!
You can see that the bears are really
taking control of the crypto market
--
Now this is good for transfer fees, because you
can always transfer your Bitcoin
at a lower price when the market crashes
But if you are also in it to make a profit
then this is your buying opportunity.
But also note that this could be a sign of
a middle market
Which is flat.Am thinking investors
are stalling with a flat market because they
want to wait for the US presidential election
outcome in the month of November.
Whether you like it or not the election
season is a big market indicator especially
In crowd psychology.Because of this
we can not afford to ignore the market sentiment
If you look at the chart
what type of market sentiment are we in?
Look again at its chart below is the
bull bear power..
Analysis of this chart tells you
That even though we are in an uptrend..
the bears have taken control.
This usually leads to negative comments in the
mainstream press. In order to understand the weekly
trend you need to understand the rocket boost strategy
In order to learn more about the rocket booster
strategy check out the references below
Rocket boost this content to
learn more.
Disclaimer:Trading is risky you will lose money
wether you like it or not
please learn risk management and profit taking strategies
Chart Patterns
tradingview
Trend Analysis
lubosi
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