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#Get2SharesOfSKHynixAtZeroCost #BTCProbes60KKeySupportLevel
🚨 Bitcoin went up to $60,271 today after it went down to $58,189 yesterday.. The fight to get to $60,000 is not over yet. I want to tell you what is really going on with Bitcoin now. Today is Saturday, June 27.
I do not want to give you a picture of what is happening with Bitcoin. I want to give you the truth. Bitcoin touched $58,189 on Friday. This was the lowest it has been since September 2024. Then it went back to $60,271 where it is now. This bounce is real.. We need to understand what it means.
When Bitcoin goes down a lot and then goes up $2,000 it is not because it is getting better. It is because the people who were selling it are tired. They need to rest. The things that made Bitcoin go down are still here. The Federal Reserve is still being careful. They might raise interest rates in July. This is because the economy is doing well. The Treasury yields are high. The dollar is strong.
Many people have been taking their money out of Bitcoin for seven weeks now. This has removed a lot of support for the price. Some people have lost a lot of money on Bitcoin. This makes it hard for the price to go up.
The $60,000 level is very important for Bitcoin now. Many people bought Bitcoin when it was between $62,000 and $68,000. Now they are losing money. When the price goes back up to $60,000 they will want to sell it so they do not lose money. This will make it hard for the price to go up.
If the price goes down again it could go down to $55,000. There is not a lot of support between $58,000 and $55,000. So if it goes down it could go down quickly.
For the price to go up some things need to change. More people need to start buying Bitcoin. The Federal Reserve needs to stop talking about raising interest rates. The situation in Iran needs to get better so energy prices go down.. A lot of people need to start buying Bitcoin at the same time so the price goes up quickly.
One good thing is that people who have been holding Bitcoin for a time are not selling it. They are not giving up. Historically this has been a sign for Bitcoin.
You should be careful with your money this weekend. Watch what happens with Bitcoin on Monday. This will tell you more about what will happen than anything that happens over the weekend.
Bitcoin went up today.. Do you think it will keep going up next week?. Will it go back down, to $58,000 or lower before it really starts to recover?
#BTCProbes60KKeySupportLevel #Bitcoin #GateSquare
🚨 Bitcoin went up to $60,271 today after it went down to $58,189 yesterday.. The fight to get to $60,000 is not over yet. I want to tell you what is really going on with Bitcoin now. Today is Saturday, June 27.
I do not want to give you a picture of what is happening with Bitcoin. I want to give you the truth. Bitcoin touched $58,189 on Friday. This was the lowest it has been since September 2024. Then it went back to $60,271 where it is now. This bounce is real.. We need to understand what it means.
When Bitcoin goes down a lot and then goes up $2,000 it is not because it is getting better. It is because the people who were selling it are tired. They need to rest. The things that made Bitcoin go down are still here. The Federal Reserve is still being careful. They might raise interest rates in July. This is because the economy is doing well. The Treasury yields are high. The dollar is strong.
Many people have been taking their money out of Bitcoin for seven weeks now. This has removed a lot of support for the price. Some people have lost a lot of money on Bitcoin. This makes it hard for the price to go up.
The $60,000 level is very important for Bitcoin now. Many people bought Bitcoin when it was between $62,000 and $68,000. Now they are losing money. When the price goes back up to $60,000 they will want to sell it so they do not lose money. This will make it hard for the price to go up.
If the price goes down again it could go down to $55,000. There is not a lot of support between $58,000 and $55,000. So if it goes down it could go down quickly.
For the price to go up some things need to change. More people need to start buying Bitcoin. The Federal Reserve needs to stop talking about raising interest rates. The situation in Iran needs to get better so energy prices go down.. A lot of people need to start buying Bitcoin at the same time so the price goes up quickly.
One good thing is that people who have been holding Bitcoin for a time are not selling it. They are not giving up. Historically this has been a sign for Bitcoin.
You should be careful with your money this weekend. Watch what happens with Bitcoin on Monday. This will tell you more about what will happen than anything that happens over the weekend.
Bitcoin went up today.. Do you think it will keep going up next week?. Will it go back down, to $58,000 or lower before it really starts to recover?
#BTCProbes60KKeySupportLevel #Bitcoin #GateSquare