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$BTC just dropped below $65,000.
Yesterday when Bitcoin was close to $67k, people were telling me the dump was over and that new highs were coming. Today the same market is red again.
This is why I always tell people not to get too excited by a few green candles. #altcoins
The biggest mistake traders make is thinking that price going up means the trend has changed.
Yesterday I said the recent pump was mostly driven by the US-Iran peace news and that Bitcoin was entering one of the strongest resistance zones on the chart around $68k-$70k. And exactly in this level buyers are struggling.
I still believe Bitcoin will go below $60k again before the real bottom is in.
The real Bottom will be:
BTC $52k
$ETH $1400
$SOL $40
One thing crypto has taught me is that the market looks strongest near local tops and looks dead near major bottoms.
#BTC