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Bitcoin Tumbles as Grayscale Sells: Is This Just a Dip or Deeper Dive?

Bitcoin: GREYSCALE ARE SELLING THEIR BTC!
Bitcoin: GREYSCALE ARE SELLING THEIR BTC!

Bitcoin’s price is reeling, plunging below $40,000 and filling the dreaded CME gap, raising concerns about a prolonged bear market. In this video, JB unpacks the key factors driving the current correction and analyzes what could be next for the world’s most popular cryptocurrency.

Red Alert: CME Gap Filled, Further Downside Possible

Bulls on Guard: A Short-Term Blip or Lasting Trend?

On-Chain Data Paints a Grim Picture

The Verdict: Brace for Choppy Waters Ahead

While brief periods of short-term relief rallies are possible, the overall sentiment leans towards continued downward pressure on Bitcoin’s price. Grayscale’s actions, on-chain data, and technical indicators all point to a potentially deeper correction in the near future.

Investors should exercise caution and maintain a diversified portfolio during this volatile period. Thorough research and careful risk management are key to navigating the uncertain waters of the current Bitcoin market.

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