And just like that the market springs into action and the rises start. We hit $86k today very rapidly. If this trend continues it won't be long before we are at that stage where if you blink you miss the rise!
The de-escalation of the conflict in the Middle East triggered a short squeeze on the Bitcoin price chart. And apparently, if anyone was looking for the reasons for this explosive growth, here they are. At least, that's what
analysts believe, and I myself see no other explanation.
After Donald Trump abandoned the planned strikes against the Houthis in Yemen, and the Houthis promised not to attack American ships in the Red Sea, the market reacted to the reduced risk of a new escalation.
The liquidation of short sellers helped Bitcoin break through the $85,000 mark.
For now it's 86k.
While reading X (twitter), I come across the fact that those traders who honestly share with their audience the actions they take with their own investment portfolios have started writing that they will be exiting their positions in Bitcoin now. Because the FOMO is growing too quickly, and they can see this based on the word indicator in social media, and, in principle, it seems to me that every reasonable trader now sees that many will be taking profits.
After all, many people bought bitcoins at 60,000 because it was a fairly predictable support level, and most likely, they started selling their assets around 86600, so the main question is: “When we return to that 86600 again, will we break through it?” It all depends on the events that unfold around that time.
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