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BTC Bitcoin Price Target after crypto volume fell 18% on HOODIf you haven`t bought the playout of the BTC Worts Case Scenario trading idea: Then you you need to know that Bitcoin is currently facing a multitude of challenges that have contributed to a bearish outlook in the market. The recent report from Robinhood revealing an 18% drop in crypto transactions during Q2 raises concerns about the overall demand for Bitcoin and other cryptocurrencies. As one of the popular platforms for crypto trading, Robinhood's figures indicate a decrease in retail interest in digital assets, which could lead to lower prices as supply outweighs demand. The correlation between Bitcoin and the stock market has been a cause for worry. When the stock market faces uncertainties, investors tend to seek safe-haven assets like gold and US treasuries, leading to a potential decrease in Bitcoin's demand. The recent decision by Fitch Ratings to downgrade the US debt rating from AAA to AA+ further adds to the market volatility, prompting investors to seek safer options rather than riskier digital assets like Bitcoin. Apple Inc. (AAPL), a major player in the S&P 500 and representing 7.5% of the index, also plays a significant role in influencing market sentiment. The recent 2.5% premarket drop in AAPL due to lower-than-expected iPhone sales (which represents more than 50% of its revenue) casts doubts on the overall economic environment, potentially impacting investor sentiment across all asset classes, including cryptocurrencies. Coinbase, one of the largest cryptocurrency exchanges, is currently grappling with regulatory issues as it faces a lawsuit from the SEC. The accusation of selling unregistered securities and operating as an unregistered securities exchange puts a spotlight on regulatory uncertainties surrounding cryptocurrencies. This could lead to a decrease in investor confidence and further dampen demand for Bitcoin. In addition, the cautionary statements from experienced trader Tone Vays carry considerable weight in the crypto community. Acknowledging the unpredictable nature of Bitcoin's movements, Vays highlights the potential for the cryptocurrency to plummet below the $25,000 low. Such warnings from seasoned traders can sway investor sentiment and trigger panic selling, leading to further declines in Bitcoin's price. Taking all these factors into consideration, it's evident that Bitcoin is facing a challenging environment, with several headwinds putting downward pressure on its price. The projected price target of $27,500 based on Elliott Waves retracement further adds to the pessimistic outlook. Looking forward to read your opinion about it!
Short
by TopgOptions
2
Bitcoin Strong Sell Signal:High Possibility It Will Break 27.2K Hello and welcome to another Bitcoin analysis video. In this video, we will take a look at the recent price movement of Bitcoin, which surged to $29.8 yesterday before having a sell-off and retracing back up to fill the fair value gap. We will also use some technical indicators and chart patterns to predict where the price could go next and what are some of the key zones and levels to watch out for. Please Consider Supporting Me By Booosting,Commenting, following and sharing means a lot
BINANCE:BTCUSD.PShort
by pcmonk
Bitcoin Getting Weaker and wants to dumpBitcoin/1H chart we see a rising wedge , these wedges usually endup with a wick to the upside then make a bigger move to the downside. we could say the wick to the upside was the CPI move which was not eye catching due to BTC getting weaker every rip it makes.meaning every upwards it goes it comes down harder. After CPI btc came back down inside the rising wedge range and ONLY tested it once which endedup in a DOJI candle showing decent rejection. one of these upwards movement will endup with a capitulation candle towards downside depend on SPX first hour of the market we could possibly wick up to ~22800 before major move to the downside which I think today after MMers digest the CPI and market situation which is getting worse. they start dumping it. If you like this Please consider following,boosting,sharing. really motivates me to do more check link to related ideas for in depth analysis+liquidation review Thanks for reading
BINANCE:BTCUSD.PShort
by pcmonk
2