Will Bitcoin dump one more time✍️

in powerclub •  4 months ago 

Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. I am working on different things now because vacation is over now and all focus on work. Btw let's talk about crypto market. Bitcoin is trading below 60k and that's what i feared. I think we might go one more time down because most of leverage traders still in long position that's why Bitcoin is not pumping. Whenever there's more longs compared to shorts then market will dump and whenever there's more shorts compared to longs then market will pump. Only one positive thing i found in this dump is, usually in bull market we have seen that Bitcoin dumps 20% to 40% and now Bitcoin already dumped 30% from it's high. Let's see what happens in upcoming weeks/months.

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Btw today ether movement surprised me, why i am saying this because today when Bitcoin was dumping on 1 hr candle, ether was pumping which is good sign for altcoins but let's not forget about Bitcoin dominance which is resting on resistance. I hope it won't break. If you want to buy altcoins for quick profit then MANTA, ARB & OP is good option because of ether pump they all will follow. If you don't have funds then hold whatever you have, plz don't shuffle your coins in loss. Market will recover soon. That's it for today. Here's the latest update video of crypto market. Thanks & have a good day!!

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