đ» Bitcoin Rejected Again: $30K to $35K Next? đ
$BTC Update
$BTC USDT
Perpetual Futures
đ„Price: $67,310 (-2.11%)
Bitcoin Fails to Break $70K - $71K Resistance Again!
After the strong rejection on July 29th when Bitcoin briefly soared above $70K, the bears are back, with Bitcoin facing intense selling pressure at $69,500âthis time without even reaching the critical $70K resistance zone. The lower high we've just seen signals a potential for further downward movement.
đ Lower Highs, Lower Lows?
Monday wiped out five days of bullish momentum within hours, with over $200 million in leveraged positions liquidated. While some Altcoins are thriving, others are mirroring Bitcoinâs decline, creating a mixed market sentimentâjust as we predicted.
â ïž Prediction
While the next target level could be around $35,720, itâs crucial to note that the market moves in waves. Corrections are part of the cycle and bring opportunities. This âmarket flushâ or correction will likely make way for new market participants and create entry points for LONG positions in preparation for the next cycle. With a new All-Time High expected in 2025, patience is key.
đź Good News
This correction shouldn't last longâa few weeks, at most a few months. Once we hit the bottom, the only way is up! This could be the final low before the next big wave begins.
In the meantime, traders can capitalize on the hundreds of Altcoins that are growing while Bitcoin finds its footing.
Stay tuned for updates, and letâs navigate this together! Follow for more insights.
âš Namaste đ
