#BTC is pumping 🚀🚀

🚨BREAKING: GBTC Sees Large Bitcoin Outflow Almost 3,000 #BTC Sold in One Day

3 Reasons Bitcoin & Altcoins Dumped 📉🔻
 
1) Tax Selling
 
Yesterday, Morgan Stanley reported that there was $256B in capital gains tax selling.
 
This was the reason behind the stock market dump, and because crypto is still correlated to it, #BTC and alts dumped even harder.
 
2) War escalation 
 
The war between #Iran & #Israel has escalated quickly. 
 
During these times, people always look to HOLD hard money.
 
BTC still hasn't got that status (high volatility and a less established history), so it dumped and alts bleed even more than that. 
 
3) BTC dominance going up
 
Yesterday's altcoin crash pushed BTC dominance to a 3-yr high.
 
BTC dumped 5%–7%, but large caps dumped 15%–20%.
 
What's next for the market?
 
Right now, the best way to predict upcoming market movement is to look at the #GOLD chart. 
 
Usually, Gold pumps during these war situations, similar to what happened in Feb 2022.
 
If Gold starts going sideways or down, this could be a sign that the war situation is over.
 
I'll keep a close eye on this and will continue to update you all.

#BTC next week will go to $66,000

#BTC break new ATH ✅

#ETH will break new ATH soon ?? 👀

फिलहाल में मार्किट गिरने का Reason ये बताया जा रहा है :-

The market is continuously going down.

𝗧𝗵𝗲𝗿𝗲 𝗮𝗿𝗲 𝟰 𝗥𝗲𝗮𝘀𝗼𝗻𝘀 👇
🔻US Government is selling #BTC
🔻Miners are selling their Bitcoins
🔻German Government is selling BTC
🔻MT. Gox has started $BTC repayments in July.

🇩🇪German Government keep dumping #BTC
They have 23,788 remaining #Bitcoin worth $1.35 billion

Waiting for #BTC recovery in short term .

#BTC needs to hold above 56,000 . Next move 58,000 - 58,500

#BTC after hitting $64,000 it has shown a slight correction. However, I am still BULLISH about the upcoming market. I think the market next week will be very interesting. Don't rush to give up your position now.