Bitcoin Correction: $54k or a Drop Below $50k?
🪙 Hello everyone. Cryptocurrencies are poised for a correction.
I expect Bitcoin and altcoins to move down from their current prices. The main question remains: are we heading for a near-term correction to
54K-55k, or will we drop below $50,000, possibly to the 40k range.
BTC Liquidation Heatmap:
coinglass.com/pro/futures/LiquidationHeatMap
Indicator for TradingView:
tradingview.com/v/OTW4Ch6P/
I expect Bitcoin and altcoins to move down from their current prices. The main question remains: are we heading for a near-term correction to
54K-55k, or will we drop below $50,000, possibly to the 40k range.BTC Liquidation Heatmap:
coinglass.com/pro/futures/LiquidationHeatMap
Indicator for TradingView:
tradingview.com/v/OTW4Ch6P/
Nota
1D:
Nota
The idea is still valid. We’re waiting.
Nota
The current situation with Bitcoin suggests that the downward trend is likely to continue.
Nota
The current situation with Ethereum suggests that the downward trend is likely to continue.
Nota
I exited all positions. Bitcoin and Ethereum have shown a downward impulse. I’ll wait for further decline.
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