Bitcoin’s Existential Crisis: Will It Rise or Fall? 🤔💸

Yet, dear reader, do not be deceived! Bitcoin is not yet free from the clutches of uncertainty. The astute crypto analyst, Matthew Hyland, has proclaimed in a video on X that a weekly close above $89,000 is essential to confirm a bottom. A mere number, yet it holds the weight of the world! Should Bitcoin breach this threshold, it could liquidate approximately $1.60 billion in short positions, a sum that would make even the most stoic investor shudder. If not, alas, we may witness a descent into the abyss of $74,000 to $69,000.