The Bitcoin Seer on Nostr: ...
7/5/2024
Another brutal day for Bitcoin with the price dropping over 10% since yesterdays open, losing the daily range and also the daily EMA200 for the first time since October. I mentioned yesterday that the price could drop below $55k because I was watching liquidity building... most didnt think it was possible but we have event tested below $54k this morning. Right now we are seeing a daily demand zone below acting as support.
What next? If the selling pressure is not over then we have liquidity in the $52k-$50k region... I am also seeing significant orders building at $45k so this cannot be ruled out!
Published at
2024-07-05 15:21:29Event JSON
{
"id": "219f3100e245437c5fdc89fa8c5a0d962af7b24c0a6d52fa8d6addf12cbfd3eb",
"pubkey": "1af1bf41e89ec41167dece4cb2148fc6173a0593d2b8b611bc4778a79983c379",
"created_at": 1720185689,
"kind": 1,
"tags": [
[
"r",
"https://image.nostr.build/82daf9328d9321e7c872c313a706c370e7598bd21956422ca06af58731702235.jpg"
],
[
"imeta",
"url https://image.nostr.build/82daf9328d9321e7c872c313a706c370e7598bd21956422ca06af58731702235.jpg",
"m image/jpeg",
"alt Verifiable file url",
"x 75339e98fd321123d7522147f23101ff66e36143b8de564f6df5002879d088af",
"size 65409",
"dim 1280x590",
"blurhash Z15hZ49Z?b0K?u00~C4n^+~WIB%gD%x]D%%MMyx]4.-VkWxuNa%2NZ-pNZE2%gMw%gMxtRIUt7Mx",
"ox 82daf9328d9321e7c872c313a706c370e7598bd21956422ca06af58731702235"
]
],
"content": "https://image.nostr.build/82daf9328d9321e7c872c313a706c370e7598bd21956422ca06af58731702235.jpg\n\n7/5/2024\n\nAnother brutal day for Bitcoin with the price dropping over 10% since yesterdays open, losing the daily range and also the daily EMA200 for the first time since October. I mentioned yesterday that the price could drop below $55k because I was watching liquidity building... most didnt think it was possible but we have event tested below $54k this morning. Right now we are seeing a daily demand zone below acting as support.\n\nWhat next? If the selling pressure is not over then we have liquidity in the $52k-$50k region... I am also seeing significant orders building at $45k so this cannot be ruled out!\n\n",
"sig": "9aca5317efafbb8612166460dbc6cc7ac2d2ac68c712601f52eac3735a956028dc51da3e80c12ea1a64805d095388dd4f7a477fd19ce58bf62c97c7d505baf54"
}
