Post
Topic
Board Trading Discussion
Re: BTC falls below $92 in the last 24 hours
by
passwordnow
on 15/01/2025, 20:29:56 UTC
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?
And just after 48 hours, Bitcoin has recovered. While some alts are also doing it, it's all thanks to BTC's movement and resiliency.



The 90k choke point is very strong, imo.
Won't be broken till there is a chain of events that would pummel the rally.
The $89k-$90k were the support and not later than today, we've hit $100k again.

And just after 48 hours, Bitcoin has recovered. While some alts are also doing it, it's all thanks to BTC's movement and resiliency.



From what i see this is Bitcoin trying to chase lower prices by trying to break $90k which turned out to fail again, retailers or investors do not want to lose this moment, they think this is a good price that may not be repeated again, so the price of Bitcoin is pumping again in just a few hours plus soon it will be ahead of Donald Trump inauguration, this is a breath of fresh air for investors who decide to put their money on Bitcoin, hopefully at the time of Trump's inauguration will say something positive related to Bitcoin so that it will trigger the price back up even more. 
I also think that this has something to do with Trump getting in the office next week. It's only a few days from now and that's why there is this rally that we're seeing from the market.