For the 4th time in 4 years, $ETH has bounced off its 4-year trendline support, confirming this key level once again.
A strong hold here could flip the macro bearish outlook. So far, ETH/BTC and altcoin dominance are backing $ETH’s momentum.
We have a Pro Bitcoin President, Pro Bitcoin Vice President, Pro Bitcoin SEC Chair, and Pro Bitcoin CFTC Chair
Countries are buying, Michael Saylor is buying, Big Banks are buying, Everyone is buying…
Then why do prices keep going down???
$BTC tapped the March lows before a bounceback.
$65,000 is the last strong support zone for Bitcoin, and losing this will accelerate the dump to new lows.
🚨 RUMOR:
Institutions are pushing Bitcoin lower so they can buy at cheaper prices before the Clarity Act is SIGNED INTO LAW.
We’ve seen a similar pattern before.
In August 2022, BlackRock filed for a private Bitcoin trust, and Bitcoin later dropped about -36% before forming a bottom.
In June 2023, BlackRock filed for the first spot Bitcoin ETF, and Bitcoin later surged by 95%.
By January 2024, when spot ETFs were approved, Bitcoin hits a new highs of $126k
Insider institutions are repeating the same strategy with the Clarity Act narrative.
$BTC drops below $67K, its lowest level in almost 2 months.
$ETH drops below $1.9K, its lowest level in 3 months.
$1.35 BILLION in long positions liquidated in the last 24 hours.
All this while US stock market hits an another new all time high.
This is fucking unbelievable.
Bitcoin just crashed $8,000 (-10%) in the last 48 hours with ZERO major negative news.
Meanwhile, the US stock market just closed at another all-time high.
There is no explanation for this except pure price suppression and market manipulation
Bitcoin has dropped -$5,500 to its 2-month low of $67,076 since Saylor sold 32 BTC.
$130 billion has been erased from crypto market and Over $1.25 BILLION liquidated in the last 24 hours.
The crazy part? There's no real negative news. All of this over Saylor selling just $2.5 MILLION worth of Bitcoin.