Bitcoin can drop till 56k and you still don't need to worry
BTC 🚀
Why is BTC dropping and should you be scared?🧐
For now, absolutely not, bitcoin has proved its support levels during the bull market.
The most important one is the 50 day moving average. During an "ultra" healthy run, it is the 7 day exponential moving average, but in that case you can expect a drop soon to the 20 day moving average.
For now, I see the next support at 59.2/59.5k. The last support is at 56.4k, with a quick dip to 55.5.
That my expectation, so now you know where to set your buy orders 😏🚀🤑
Not financial advice ❌
Why is BTC dropping and should you be scared?🧐
For now, absolutely not, bitcoin has proved its support levels during the bull market.
The most important one is the 50 day moving average. During an "ultra" healthy run, it is the 7 day exponential moving average, but in that case you can expect a drop soon to the 20 day moving average.
For now, I see the next support at 59.2/59.5k. The last support is at 56.4k, with a quick dip to 55.5.
That my expectation, so now you know where to set your buy orders 😏🚀🤑
Not financial advice ❌