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MMCrypto
2:4311/25/24
Crypto

DANGER: BITCOIN GAME OVER!!!!!!!!!!?

11/25/24
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English

Bitcoin experienced a recent price drop, potentially forming a double bottom on hourly charts. Despite the 6% decline, the speaker asserts that a 15-20% drop would not be problematic, with a potential support level around $93,000. This price decline is viewed as a necessary correction within the context of Bitcoin's overall trajectory.

Bitcoin Price Correction

00:00:47 Bitcoin experienced a recent price drop, potentially forming a double bottom on hourly charts, indicating a potential correction. The speaker claims a drop of 15-20% would not be concerning, given the overall market context.

Bitcoin Support Level

00:01:27 The speaker identifies $93,000 as a potential support level for Bitcoin, suggesting that it could become a new support level following a recent decline. This decline is viewed as a necessary correction, and even a drop of up to 20% is not considered a major issue.