🟢 Bitcoin’s Resilience Tested!
Despite holding above $90,000, Bitcoin faces mounting selling pressure. Is the bull run in jeopardy?
📊 Increased Selling Pressure
Market metrics signal heightened activity by sellers, reminiscent of July 2024 levels.
🔑 Key Metric: Buy vs. Sell Taker Ratio 📈
⚠️ $430M Liquidations in a Week
Long positions are being liquidated at record levels.
This creates temporary price fluctuations or consolidation phases.
📉 Short-Term Risk
Rising sell-offs could challenge Bitcoin’s upward trajectory.
Traders must stay cautious and plan defensively!
💡 Expert Advice for Traders
– Reduce leverage
– Set stop-loss orders
– Monitor key market indicators
Stay prepared for volatility!
📈 Still Bullish?
Bitcoin holds strong above $97,000, just 2.7% below its all-time high of $99,645.
🚀 Analysts eye $100,000 and a potential climb to $116,652!
🌟 What’s Next for Bitcoin?
Can Bitcoin overcome selling pressure and soar to new heights?
Stay tuned to the crypto market for the next big move!