BTC continues their down trend
Previously, on Jul 20, 21, BTC reached its strong Fibonacci level support, almost equal to 29000$, after following solid bullish trends.
I want to tell you what happened then: After seeing much potential in BTC , as BTC had hit its maximum of 64500$ on Apr 12, a new investor stepped in, and old whales made strategies on how to make more money. Additionally, BTC’s popularity continues to grow; Big Investors and institutions such as Elon Musk , Micro Strategy, and E-Salvador invest in and control this technology.
With the most famous person, you could easily manipulate and divert minds. Many people lose their money in this bull run. People see massive manipulation; it was easy to trap small investors with giant whales. Pump and dump tactics were widespread during this bull run.
Wales makes money always. during the pump or dump they use leverage which boosts their pump dump 2x 😀
There is no profit in this technology if whales stepped in earlier, and if whales stepped in earlier in any technology, you would never succeed.
BTC bull trend finished on Nov 21 when it hit its maximum of 69000$. After that, it instantly falls and follows downtrends, and now you know-how. Similarly, the 33000$ BTC support was considered vital; however, in the recent dump, it broke the 33000$ and 28000$ support levels and reflected from 24500$. Although it should have happened earlier, more institutions are adopting this future technology.
If 24400$ support is not strong enough, the next support is 20000$. BTC will now move between 32000$ resistance and 24500$ support.
According to my calculation, BTC will test 17800 support.
We were looking for your point of view and what you say about the inflation role.
BITSTAMP:BTCUSD
