TheCryptoPharaoh

TheCryptoPharaoh

In the IBIT ETF chart, we see that a gap indicated by the blue line, i.e., a price gap, has been filled today. This price gap represents the gap in the BTC ETF chart in the American markets following Iran's drone attack on Israel. On that day, the price briefly dipped below the $60,000 level due to the influence of the open spot markets and then rebounded from...

TheCryptoPharaoh

If a new ATH occurs in CRYPTOCAP:BTC , I believe it will be heavily utilized by American institutions, and following the new ATH in #Bitcoin, the price will swiftly plummet to around the 52000 level, leaving all retail traders behind in a very sharp manner. In the event of this extreme scenario, assuming Bitcoin reverses from the $80000 range shortly...

TheCryptoPharaoh

Following the sudden price movement in Bitcoin due to the tension between Israel and Iran over the weekend, the resulting market tension provided a buying opportunity below 60K. I had written that this wouldn't sit well with American institutions. Ultimately, as we've reached today with the opening of NY, the price retraced, reaching that level and even dipping...