B_Cipher

Bitcoin reversal and when to buy back (long term view)

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BYBIT:BTCUSDT.P   BTCUSDT Perpetual Contract
Bitcoin reversal and when to buy back (long term view)

A bounce from the mid-range is possible, but we expect the final destination of this correction to be near 50K.

The rationale for this is

1. average buy line from short-term holders

2. massive liquidation lines

3. full or partial profit-taking by whales holding ETH and altcoins

4.There are many whales that have not yet sold all of their volume, and there is a high possibility that it will fall again after reaching the liquidation point around 75K.
تعليق:
Split buying of several Ethereum whales begins.
تعليق:
Liquidation Heatmap
50K(Highest volume) - 59K - 74K

These three positions are important and will help you predict the price scenario.

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