Bitcoin is gearing up to drop to $50-$55K.
Bitcoin is gearing up to drop to $50-55K:
Hey everyone!
As you’ve probably noticed, this week altcoins and meme markets have been falling aggressively, including names from Murad's list like SPX.
➖ The broader market also shows signs of a downturn. If you check monthly charts for the Dow Jones, S&P 500, and other indices, they’re aligning for a drop.
➖ The catalyst could be anything—from the wildfires in California to a potential strike by Iran on Israel.
Take note of the prepared orders on Coinbase targeting $50-55K.
➖ Binance’s BTC/USDT Liquidation Heatmap over the past 6 months (Model 3 from CoinGlass) also highlights liquidation interest in this area.
When you put all the pieces together, the odds favor a drop. Market makers would likely want to shake out recent buyers of altcoins, meme coins, etc., before any significant rally.
Avoid leverage or futures trading—it’s the easiest way to lose your deposit in this environment.
No Financial Advice, Do Your Own Research.
Hey everyone!
As you’ve probably noticed, this week altcoins and meme markets have been falling aggressively, including names from Murad's list like SPX.
➖ The broader market also shows signs of a downturn. If you check monthly charts for the Dow Jones, S&P 500, and other indices, they’re aligning for a drop.
➖ The catalyst could be anything—from the wildfires in California to a potential strike by Iran on Israel.
Take note of the prepared orders on Coinbase targeting $50-55K.
➖ Binance’s BTC/USDT Liquidation Heatmap over the past 6 months (Model 3 from CoinGlass) also highlights liquidation interest in this area.
When you put all the pieces together, the odds favor a drop. Market makers would likely want to shake out recent buyers of altcoins, meme coins, etc., before any significant rally.
Avoid leverage or futures trading—it’s the easiest way to lose your deposit in this environment.
No Financial Advice, Do Your Own Research.
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