One Trader Spotting The Dip While Bears Get Cocky 🐻
Hyland posted on X that bears were getting hyped exactly at what he thinks is the daily cycle low with a bullish divergence setup forming. See ya at 90k+ by early November he wrote. Swing trader Roman jumped in agreeing it might have been a low tho Hyland noted RSI could dip more yet pointed to solid liquidity near 75000. So far it was just a liquidity grab imo he added with not much liquidity sitting below that. Current prices look decent to him despite most bears refusing to buy in and hoping for deeper pain. ✨ That clashes with gloomier takes like analyst Ted Pillows who flagged BTC losing its 50-week EMA and predicted a drop to the 70k-72k zone before any real reversal. Crypto Patel has been bearish since the fall from 82500 down near 74900 after rejection at that 83000 order block on daily and holds a 50000 target unless BTC closes above 83000 on higher timeframes. Meanwhile CryptoQuant contributor IT Tech focused on holdings instead of price and noted the 6-to-12-month supply band jumped to 30.8 percent of realized cap up from 16.2 percent back in December matching patterns from the last three Bitcoin bottoms. 🖤 He called it a bullish setup but clarified this reads as mid-cycle floor building not the actual cycle low since the coin remains down nearly 40 percent from peak.BTC Price Moves After That Failed CLARITY Push 😈
BTC traded near 76000 at writing time down about 1.5 percent over 24 hours and nearly 5 percent for the week though still up close to 19 percent over 30 days. 🌑 The drop followed Tuesday Senate vote where cloture on the CLARITY Act failed to hit the 60 votes needed. Bitcoin short-term holders sent over 23000 BTC to exchanges at a loss afterward worth close to 1.8 billion marking the biggest capitulation event in about a month. 🪙Just another echo from the void by iconofsin.eth 💖
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