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Bitcoin is hurting. A lot.
The charts show something very different from what everyone is saying about $250K price targets — one that even the most optimistic traders don’t like.
Here’s what’s really going on and why this might not be as bad as some people think it is.
It’s not pretty that Bitcoin just hit $115,781. Ethereum lost 2.8%, which is even more than the 1.4% drop in 24 hours.
The chart for 30 minutes? The knife is going down. It’s been falling since it hit about $118K. No bounces, no breaks — only gravity.
The same bad news can be seen in the daily chart. There is a point of control that white-line traders are watching. Price is stuck between a value area high of $119K and a low of $112K.
But now, this is where things get interesting.
Whales aren’t panicking while regular investors are selling. They’re doing something completely different — building up.


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