BTC Price Movement and Analysis

#BTC

When I said btc is bearish some people came under my post to rubbish me and insult me .

BTC halving has passed, falling as planned is occurring . Lessons learnt for some people . After Bitcoin's halving, as expected, there were no big changes in the price movement which some people anticipated for an increase in price but rather it maintained 67k and less as everything was put into the price a long time ago.

However, the price is still treading in the middle of the range around $64 showing the obvious weakness of the bulls around here . But! The necessity of correction for further continuous growth is obvious and expected and this fall needs fuel. And this fuel will be long positions opened at the top in the area of 65k - 70k which can be used by the controllers to fix their profits. Besides, there is a huge amount of liquidations accumulated in the area of 70k - 72k, and it would be rash not to enter there with a very fast squeeze to take liquidity and rocket down to 55.5k most likely . Meanwhile there is a possibility that the bulls will not be strong enough even to reach 65k and we will just go down from the current levels. The fact is that we are going down and this fall will not end quickly as we think it should .

It’s not a financial advice please you could DYOR . It’s my own personal opinion

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