BTC price dumped after breaking major support 60k-58k.. we try to find the actual reason for this heavy dump, as of now it looks like the dump is because of Margin Trading.. We all know that big players/whales are using bot/algo System on Margin trading.. when BTC break support bots start to cut their longs which cause panic selling.. We will share the full report on this soon..
as of now btc broke all support and touch 50k, price bounce back as a relief rally but still its below 50Day moving average which was working as big support for a long time.. Now all eyes on today’s closing candle.
If BTC able to finish today’s candle above 56400 then it will give confidence to the market, otherwise, we will retest 50k again...
Correction is part of bull run, we saw many such a big correction in 2017 bull rally and also we saw such correction near 10 Jan and 22 Feb..
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