BTC Crash!!!!!
Hii guys, as we all know today was a blody day for crypto and many people suffered from huge liquidations... The market surprised everybody.
Lets talk about why BTC crashed:
Many reasons have lead to that loss. Fondementaly speaking the crash of FTX was the number 1 reason.
Technically speaking the bear flag that we were forming the last couple weeks is the cause.
Now lets talk about the next move and what I think will happen:
To start I think that we've already saw the bottom of the bear market and we are replicating 1000% the bear market of 2015 and a double bottom was expected. From now on I beleive we will recover for a couple of months before heading back to all time highs. That is not a financial advise and do your research!!!
Lets talk about why BTC crashed:
Many reasons have lead to that loss. Fondementaly speaking the crash of FTX was the number 1 reason.
Technically speaking the bear flag that we were forming the last couple weeks is the cause.
Now lets talk about the next move and what I think will happen:
To start I think that we've already saw the bottom of the bear market and we are replicating 1000% the bear market of 2015 and a double bottom was expected. From now on I beleive we will recover for a couple of months before heading back to all time highs. That is not a financial advise and do your research!!!
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