BTC price declines, some vital role played by German government

[Cryptocrit]

Bitcoin (BTC) faces resistance near the $64,000 daily level, leading to a 1.05% decline in trading on Wednesday. Price drops due to actions by the German government.



Bitcoin (BTC) is having trouble breaking past the $64,000 mark, causing its price to drop by 1.05% on Wednesday. Similarly, Ethereum (ETH) and Ripple (XRP) also face resistance, leading to drops of 1% and 0.5%, respectively.
On Monday, Bitcoin tried but failed to surpass $63,956 and has since fallen to $61,488, a 1.05% decrease. If Bitcoin manages to close above $63,956, it might climb 5% to test the next resistance level at $67,147.

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https://www.cryptocrit.xyz/2024/07/crypto-analysis-btc-price-declines-some.html

[Stompix]

Bitcoin (BTC) faces resistance near the $64,000 daily level,

Oh, I just love these wanna-be analysts and their TA and their methods, the guy talks in that about breaking resistance on 64k and I look at the chart one day later and see 53k 

A classic example of how to make two predictions both bullish and bearish and to miss them both:

If buyers (bulls) become more aggressive and the overall market sentiment is positive, Bitcoin could rally another 6% to reach the next resistance level at $71,280.
However, if Bitcoin drops below $58,375 and continues to fall, it could suggest ongoing bearish sentiment, potentially leading to a 3% decline to the May 1 low of $56,522.

[Gurujebs]

Bitcoin (BTC) faces resistance near the $64,000 daily level, leading to a 1.05% decline in trading on Wednesday. Price drops due to actions by the German government.

This is what you get when government intervene into something that is supposed to be decentralized. It's so sad the Bitcoin they dumping are seize Bitcoin from people that must have broken their rules but why not just hold this Bitcoin for as long as they are there, I'm not sure if the German government are that broke to think that selling their Bitcoin is enough to sustain their economy.

Justin sun is still waiting for their response. Instead of causing fud, they should just sell to him so that everyone can now rest with all these their shinanigans of causing Fud, continuing this will only make Bitcoin to crash.

[Stompix]

This is what you get when government intervene into something that is supposed to be decentralized. It's so sad the Bitcoin they dumping are seize Bitcoin from people that must have broken their rules but why not just hold this Bitcoin for as long as they are there,

No, it's not sad at all!
The only thing that is sad about this is people who are actually acting against decentralization and a free market!

Not your keys, not your coins, my keys my decision, a free market where anyone can sell as much as he wants when he wants at what price he wants, the governments the dumpers, the weak hands all play by the rules of a decentralized market and a permissionless blockchain.

When you cheer that governments use citizen money to buy Bitcoin you can't argue that a government selling coins is against decentralization!

[MUGNIA]

Bitcoin (BTC) faces resistance near the $64,000 daily level,

Oh, I just love these wanna-be analysts and their TA and their methods, the guy talks in that about breaking resistance on 64k and I look at the chart one day later and see 53k 

A classic example of how to make two predictions both bullish and bearish and to miss them both:

If buyers (bulls) become more aggressive and the overall market sentiment is positive, Bitcoin could rally another 6% to reach the next resistance level at $71,280.
However, if Bitcoin drops below $58,375 and continues to fall, it could suggest ongoing bearish sentiment, potentially leading to a 3% decline to the May 1 low of $56,522.

So if BTC continues to fall, it can be said that we have entered bearish season, right?
or is it just a decline caused by fud?

[Faisal2202]

On Monday, Bitcoin tried but failed to surpass $63,956 and has since fallen to $61,488, a 1.05% decrease. If Bitcoin manages to close above $63,956, it might climb 5% to test the next resistance level at $67,147.

Dear OP I don't want to discourage you but don't you think you are late to post this update or analysis of yours with us. I mean you are posting it today while it should be posted on Wednesday I suppose. Did you write it on Wednesday and forget to post it or what the reason here. I mean market is totally not following your analysis and I hope you already knew that before posting this here.

I say, try to be up to date with market and only share which suits best with the current situation. Now you make yourself doubtful with such post. I don't judge your analysis its just not the time to post it. I would love to hear about where it will go from the CMP.