🚨 BITCOIN HAS SEEN ONLY TWO 6-MONTH RED CANDLES IN PAST BEAR MARKETS.
Both were followed by strong green candles and a new uptrend.
A similar setup is forming again. 👀
#Bitcoin#BTC#Crypto#BitcoinPrice#CryptoNews
Bitcoin drops below $84,000 📉
The main reason behind the move is stronger-than-expected PMI data.
PMI came in at 58.7 which is higher than expection..
A higher PMI means business activity and economic growth are stronger than expected.
That can reduce expectations for rate cuts and put pressure on risk assets like Bitcoin
#Bitcoin#BTC#Crypto#BitcoinPrice#CryptoMarket#PMI#CryptoNews#BitcoinNews#MarketUpdate