EMA 100 Support Breaks $BTC : Bitcoin Price Action Weakens as EMA 100 Support Breaks: Brace for $63280 Dump

By | June 21, 2024
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1. Bitcoin EMA 100 Support
2. BTC price action
3. Bitcoin FUD impact

WARNING
$BTC Breaking EMA 100 Support

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Hourly Candle Closes Below EMA 100,
We Can See Another Quick Dump Till $63280 – $62977

#Bitcoin Price Action Is Getting Weak Because Of Too Much FUD :
– Germany Government Selling $Btc Over $200M
– ETFs Outflows Over $140M

Bitcoin is facing a critical moment as it breaks EMA 100 support, leading to potential further price drops. With hourly candle closes below EMA 100, analysts predict a quick dump towards the $63280 – $62977 range. The market sentiment is weakening due to various factors like Germany government selling over $200M worth of Bitcoin and ETFs outflows exceeding $140M. Traders are advised to stay cautious and monitor the price action closely. Stay informed with the latest updates to make well-informed decisions in this volatile market. Follow @thisisksa for more insights. #Bitcoin #BTC #cryptocurrency #investing

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Bitcoin (BTC) investors are on high alert as the price of the cryptocurrency is facing a critical juncture. A recent tweet by Karan Singh Arora highlighted a warning about BTC breaking EMA 100 support, indicating a possible quick dump in the near future. The hourly candle closing below EMA 100 is a significant technical indicator that could lead to further downward pressure on the price, potentially dropping to the $63280 – $62977 range.

The current price action of Bitcoin is showing signs of weakness due to an influx of fear, uncertainty, and doubt (FUD) in the market. The German government’s decision to sell over $200 million worth of BTC and ETF outflows exceeding $140 million have contributed to the negative sentiment surrounding the cryptocurrency.

Investors and traders are closely monitoring these developments as they could have a significant impact on the short-term price movement of Bitcoin. The breaking of EMA 100 support is a crucial level that many technical analysts are watching as it could signal a further decline in price.

It is essential for investors to stay informed and keep a close eye on market trends to make informed decisions about their cryptocurrency holdings. Market sentiment can shift rapidly, and being aware of potential catalysts for price movements is key to navigating the volatile cryptocurrency market.

As the price of Bitcoin continues to fluctuate, it is important to remain calm and avoid making impulsive decisions based on short-term price movements. Taking a long-term perspective and focusing on the fundamentals of the cryptocurrency can help investors weather market volatility and make strategic investment decisions.

In conclusion, the warning about BTC breaking EMA 100 support serves as a reminder for investors to stay vigilant and monitor market developments closely. The cryptocurrency market is known for its volatility, and being prepared for sudden price swings can help investors navigate uncertain times. By staying informed and making informed decisions, investors can position themselves for success in the ever-changing world of cryptocurrencies.

Source: https://twitter.com/thisisksa/status/1804067427057045667?ref_src=twsrc%5Etfw

In summary, the current state of Bitcoin’s price action is tenuous, with the breaking of EMA 100 support signaling potential downside risk. Investors should remain vigilant and informed about market developments to make informed decisions about their cryptocurrency holdings. By staying calm and focusing on long-term fundamentals, investors can navigate the volatile cryptocurrency market with confidence.