We fought for $ 52K resistance last night, and for a moment it seemed that fears had been allayed. Today around 5:45 in the morning, however, a decent armageddon and bitcoin fell to $ 42,000.
We are currently hovering around $ 47,000 per BTC
Although this price is not for investors in kryptoměn probably nothing pleasant, but it could have been worse if President El Salvador hadn’t started shopping. The volume he bought is not that huge (150 BTC), compared to the BTC meat, which was sold at night, but the markets could at least calm the markets down. However, the question is for how long…
El Salvador managed to buy 150 BTC at an average price of $ 48,670
The president of El Salvador has obviously set himself the goal of buying price bottoms. He did so last time on that “black friday”, another opportunity came to him early this morning. But as he gets a little funny in the next Tweet, he didn’t hit the interim bottom just a bit. The question for all the money, however, is whether he did well and this is really the bottom, or we are at the beginning of a new one bear market?
El Salvador just bought the dip! ????????
150 coins at an average USD price of ~$48,670 ????#Bitcoin????
– Nayib Bukele ???????? (@nayibbukele) December 4, 2021
The president also writes on Twitter that he didn’t hit a $ 52,000 dip
According to his Tweet, that dip (lowest price / bottom) did not hit in about 7 minutes.
Missed the f***ing bottom by 7 minutes ????
– Nayib Bukele ???????? (@nayibbukele) December 4, 2021
Justin Sun also bought 100 BTC
Tron founder Justin Sun bought 100 BTCs, at an average price of $ 47,627. He also failed to hit the bottom, and the Salvadoran president urged him on Twitter to at least call his purchase and add another 50 BTCs to his portfolio.
You must buy 50 more coins to match.
It’s just a couple million dollars more…
Come on! https://t.co/GPTvjXM9ru
– Nayib Bukele ???????? (@nayibbukele) December 4, 2021
End of bitcoin slump or can we go with the price even lower?
According to the latest technical analysis we have they streamed on Thursday, we had a defined support of $ 52,000 and then $ 42,000. We have also warned of a possible massive slump in the near future. Although some did not want to hear about the declines, that scenario was unfortunately partially fulfilled, and we have not won from afar even now. If you haven’t seen the stream, we can recommend it so you know how far we can go and why. So be very careful!
–
