📉 Bitcoin Is Heading Below $50,000 Bitcoin's stablecoin signal just flipped bearish, and one analyst says the bottom is not in. The selloff is about to accelerate, and the next level is brutal. #bitcoin #bearmarket #cryptocrash https://the-bitcoin-strategy.com/r/RE86Lp1x
"crypto market will be screwed. It will turn from bad to even worse. What we see at the top, that's the stablecoin market cap. How much of all of crypto is currently in stablecoins? Since no money is flowing into the space anymore, bitcoin tended to trend down. Before that, it tended to appreciate. And so what's the problem right now? The problem is that we're getting out of this sideways movement. The stablecoin market cap will decline even. And so the sell-off of risk on assets like bitcoin is likely going to accelerate even further. I don't think that we've already seen the bear market bottom. I think we will fall below $60,000. Potentially even below $50,000. To get more shots like this, feel free to follow this channel."
💬 Discussion
📉 Bitcoin Is Heading Below $50,000 Bitcoin's stablecoin signal just flipped bearish, and one analyst says the bottom is not in. The selloff is about to accelerate, and the next level is brutal. #bitcoin #bearmarket #cryptocrash https://the-bitcoin-strategy.com/r/RE86Lp1x