Below are the potential drops of Bitcoin after BTC failed to separate above the main level, according to the Crypto analyst
Bitcoin (BTC) may decrease after failing to obtain a major support level.
In a new topic, Justin Bennett encryption tradition Recount Its 116,000 followers on the X social media platform, which may reconsider the minimum trading scope at the level of $ 100,000, after the weekend bounce.
“The possible scenario for BTC after Thursday’s failure of $ 106,600. Pull/unification on Friday, the weekend rally (because this is what the retail sale) to 106,000 dollars -107,000 dollars, then reconsideration of its lowest levels of $ 100,000. The nullification is on a sustainable break (high time tires) above 107,000 dollars …
Personally, I will not be a buyer here, not after losing $ 106600. It’s only shorts for me, but only if BTC gave me the opportunity to apostasy. “
Bennett also He says BTC whales come out of long positions in favor of building short retail positions that weaken the main encryption assets.
“The whales were limited to the retail force throughout the day Thursday. The BTC pump was a fraud from the start.”
Finally, the analyst Warn The USDT (USDTTT.D) may start to flash a bitcoin landing.
Several merchants closely watch the USDT.D chart as it shows the maximum of the maximum Crypto market consists of Stablecoin USDT. The upper USDTTTTTTTTTTAD chart is generally declining for bitcoin and other cryptocurrencies because it indicates that merchants empty encryption holdings in favor of Stablecoin.
“I am not ready to contact it yet, but the USDT.D is starting to pay another to 5 %. I will wait near Friday for two days to get a more specific answer to this idea, but it seems decent so far.
Bitcoin is trading for $ 10,658 at the time of writing, a decrease of 1.6 % in the past 24 hours.
Meanwhile, USDT.D at 4.79 % at the time of writing this report.
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