BTC on verge of collapsing
It is clearly seen that BTC is on a verge of collapsing, If BTC fall below $6044.9 in next 1 or 2 weeks then get ready to see Bitcoin hitting the first support level at $4276.1 and If it's not stopped collapsing at $4276.1 then we will see at second support level at $2819.6.
$2819.6 is very very possible scenario, and to say this let me remind you last year October to November BTC was at $2819.6 and then all of sudden there was a huge increase in price and hit at $4800 in just 3 weeks, this was a clear pumping game created by exchanges and many new Investors and old investors entered in Bitcoin Buying and price Hit all time High 19k+. After 19k now BTC at 6k and this is to remember no new investors or Big major buyers ill ever buy BTC in huge number after got burnt at 19k price, To be honest BTC will keep swinging between $2500 to $4200 for at-least another few year if it has to get stable.
https://www.tradingview.com/x/sSQN5K6P/
$2819.6 is very very possible scenario, and to say this let me remind you last year October to November BTC was at $2819.6 and then all of sudden there was a huge increase in price and hit at $4800 in just 3 weeks, this was a clear pumping game created by exchanges and many new Investors and old investors entered in Bitcoin Buying and price Hit all time High 19k+. After 19k now BTC at 6k and this is to remember no new investors or Big major buyers ill ever buy BTC in huge number after got burnt at 19k price, To be honest BTC will keep swinging between $2500 to $4200 for at-least another few year if it has to get stable.
https://www.tradingview.com/x/sSQN5K6P/
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