Bitcoin Price Alert & Signals!!!
Bitcoin price is fighting at 70,000 level today. Bulls and bears are both trying to win. The market thinks it will stay above 69,500. After a big 5% drop recently, everyone is watching if the price will stay here or fall more. The first strong floor is near 69,720. If that breaks, the next big floor is 68,535. For the price to really go up strong again, it needs to clearly break above the 73,800 ceiling.
Technically, the market is at a point where it can jump up or crash down. Some experts think the down move is finished and a big, fast price surge could start any time. But if buying gets weak and the price breaks its floor, it could quickly fall to test 67,600. A big reason for sudden crashes is "liquidations," where a price drop forces many people who borrowed money to trade to sell all at once, making the price fall even more.
The big ups and downs are because of news and how people feel. Recently, a signal from the Bank of Japan about possibly raising interest rates made people sell risky things like Bitcoin. Bitcoin is different—sometimes it goes up on both good and bad news if investors are excited. Right now, traders are watching these big economic signals and also if the big money in Bitcoin ETFs will give enough support to stop sudden falls.
So now this is good sign for btc to move upwards
Thankyou
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