“Bearadise” =’s Great Buying Opportunity with Bitcoin at $26K
We’re at a low not seen since March 17th so nothing to fear, this is just a Friday fire sale for the weekend so keep an eye out for any further dips as things should get interesting after this
Bitcoin enters $26K ‘bearadise’ as BTC price approaches 2-month lows
“Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $26,100 on Bitstamp — its lowest since March 17.
Despite encouraging macroeconomic conditions for risk assets, Bitcoin failed to capitalize on the potential for gains as bid liquidity headed lower.
‘Welcome to bearadise,’ on-chain monitoring resource Material Indicators summarized.
A chart uploaded to Twitter the day before showed principal buy support now around $25,750, with BTC/USD eating liquidity higher overnight.”