2024-11-14 07:54:28

📈📉 #BTC, crypto market. Brief update

❌Liquidations in the market over the past day, CoinGlass: ~209K traders, for a total amount of ~$721 million — ~55% long positions and ~45% short positions.

Bitcoin continues to grow steadily without any significant declines. However, the market is experiencing short-term impulsive fluctuations in both directions, accompanied by the liquidation of long and short positions 🤔

A bearish divergence has formed between the price movement and RSI: the price is rising, RSI is falling. It's hard to say how likely a pullback could be in the current market, but I consider a drop to 85K📉 possible.

It is currently difficult to estimate the price, it is too early to talk about it until it is fully confirmed.

✅Retail investors' demand in the market is actively growing and has already reached a 52-month high! They will drive the price up, but market volatility will be quite high.

BTC0,4%

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