🪙 #Bitcoin went down for three main reasons:

🔽 Decrease in stablecoin issuance — less new money is entering the market

📉 Decline in miners' revenue — they are forced to sell more #BTC to cover expenses

💸 Outflow from bitcoin-#ETF — major players have started to exert more influence on the market and are putting pressure on the price

Do you agree with this, and do you see any other reasons for the recent drop in the price of digital gold?

#Analytics

🪙 Experts from #CryptoQuant state that if $65,800 is breached, the price of #BTC could drop to $60,000

💔 — Bitcoin is doomed
😎 — I’ll buy more for cheap

🪙 #Bitcoin Is testing short-term holders

The falling price of #BTC is forcing more panic-prone market participants to sell, which could lead to a price below $60,000 per coin 📉

#CryptoNews

📉 #BTC is falling

Analysts from 10x Research warn that in the near future #Bitcoin may correct down to the $50,000 level

😭 — There’s no takeoff
🔥 — Short sellers will get wiped out, and then we’re going to the moon

🪙 #Analytics #Bitcoin

The 58970 zone is a strong support level for buyers.

📈 Mid-term trade:

Buy #BTC/#USDT in the range of 58000 - 61000.

Targets: Close 80% of the position at 64700 - 66100. Set a stop order at breakeven for the remaining 20%, aiming for a breakout of the ATH at 73946.

this is not a trading recommendation

⚠️ The Fear and Greed Index has moved into the fear zone and currently stands at 30

The index can range from 0 (maximum fear) to 100 (maximum greed) and reflects market sentiment. A low value signals oversold conditions, while a high value warns of a possible correction.

Amid the drop in #BTC to $59,000, the index has entered the fear zone for the first time since last September. In the past 24 hours, around $300 million worth of Bitcoin long positions have been liquidated.

Now, we await the liquidation of short positions 🤟

#CryptoNews