The Bitcoin Seer on Nostr: ...
7/5/2024
Another brutal day for Bitcoin with the price dropping over 10% since yesterdays open, losing the daily range and also the daily EMA200 for the first time since October. I mentioned yesterday that the price could drop below $55k because I was watching liquidity building... most didnt think it was possible but we have event tested below $54k this morning. Right now we are seeing a daily demand zone below acting as support.
What next? If the selling pressure is not over then we have liquidity in the $52k-$50k region... I am also seeing significant orders building at $45k so this cannot be ruled out!
Published at
2024-07-05 13:21:29Event JSON
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"pubkey": "1af1bf41e89ec41167dece4cb2148fc6173a0593d2b8b611bc4778a79983c379",
"created_at": 1720185689,
"kind": 1,
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"content": "https://image.nostr.build/82daf9328d9321e7c872c313a706c370e7598bd21956422ca06af58731702235.jpg\n\n7/5/2024\n\nAnother brutal day for Bitcoin with the price dropping over 10% since yesterdays open, losing the daily range and also the daily EMA200 for the first time since October. I mentioned yesterday that the price could drop below $55k because I was watching liquidity building... most didnt think it was possible but we have event tested below $54k this morning. Right now we are seeing a daily demand zone below acting as support.\n\nWhat next? If the selling pressure is not over then we have liquidity in the $52k-$50k region... I am also seeing significant orders building at $45k so this cannot be ruled out!\n\n",
"sig": "9aca5317efafbb8612166460dbc6cc7ac2d2ac68c712601f52eac3735a956028dc51da3e80c12ea1a64805d095388dd4f7a477fd19ce58bf62c97c7d505baf54"
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