Bitcoin Price Alert!!!
Bitcoin 24h volume is decrease by 1.98% in last 24h, this is not good for btc, currently overall crypto market down and showing redish candles but due to strong bullish zone, eth and solna couldn't break there resistance level.
If BTC 24h voulme more down then btc break 85.3k support level and we will se btc near at 78k, but if btc 24h voulme increase by 4-5% then we will see btc above 95k zone so overall 24h market candles are parallel, 1 green and other is red, os this trend is going parallel from 4-5 days, always this effect is dangerous so stayaway from btc untill btc not showing it's actual price level.
October CPI report shows 3% increase, but in FOMC meeting it's considered 2% so this in not good sign for economic growth and unemploymentrate increase by 1% from these analysis and that's why we have seen a significant drop 24h volume.
In fomc meeting they decrease intrest rate by 4.5%-4.75 %, but overall it's not enough for economic growth and result people have some fear for invest in crypto and overall market, many buyers and traders, trade on Bitcoin instead of gold so we have seen selling pressure from both side, in gold market and now in crypto market, also we have seen gold prices down, CPI report and fomc analysis some how in parallel position, but if market fear increase more and more then gold investors leave market and whales movement also low and then we have seen btc another time near 60k-70k.
Now whales and market holders want to increase 24h voulme so maybe there is a little chance of fake pump to catch sellers to invest in market and then btc could reach easily above 95k zone. All data and all sentiment making bearish trend in crypto market. So btc need to break 85.3k for donwfall and 95k for upward direction.
Now congratulations guys bitcoin is 8th largest reserve in overall world economy and btc take over Silver.
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