bitcoin:native - Update ‼️
Closing below 50 week moving average is looking a bit more stronger , if momentum stays in with sellers then we might see a big dump towards $60,000 sooner.
bitcoin:native - Update ‼️
Rejection from Hourly resistance zone looks strong , if momentum stays in with sellers then it might retest the support again.
Don't You think "BITCOIN" Is overhyped.
It's not as strong as it was in the last Bull - run , people are just investing because of its hype of give huge returns in Future.
It's also like a Bubble all around where people are getting invested on $BTC just on the Basis of Delusional Future Gains.
It's valuation is already 1.5 Trillion USD and to give a 3x return it has to go all over 4.5 Trillion USD which is quiet delusional for us to imagine.
What do you think about this??
@MananBnb Yes bro i agree with you take but I personally invest on Btc because of its stability across different assets and heavy investments by big banks and countries
bitcoin:native - Update ‼️
Rejection from local resistance zone feels strong , we might see retest of trendline support on Bitcoin before going for a higher leg.