Cryptocurrency Market Dey Face Bearish Trends Before Triple Witching Event
Krypto market dey shake body well-well because of 'Triple Witching' event wey dey come, where plenty money things wey reach over $4.5 trillion go expire. This event don dey cause wahala for price movement for stocks and cryptocurrencies before. Bitcoin don fall down by 2.4% lately and e dey form rising wedge pattern, wey mean say e fit still fall go around $76,890. Ethereum show triple-top pattern, wey suggest say e fit fall reach $1,500. Meanwhile, XRP, with im head and shoulders pattern, fit drop reach $1. Experts dey see say people dey want protect themselves from loss for Bitcoin options, as puts dey sell more than calls, wey show say traders no wan risk. Things like CryptoQuant Bull Score and MYRIAD prediction market show say market no dey smile, with small hope say Bitcoin go fit stay on top for price. Fear and Greed Index go dey low, wey mean say traders dey careful.
Bearish
News dey show say cryptocurrency market fit get problem wey go make am fall down sake of say some big financial things wey dey expire during 'Triple Witching' event, wey dey cause market to dey shake. Bitcoin, Ethereum, and XRP technical pattern dey show say price fit still fall down more, and people dey fear to trade, plus Fear and Greed Index no high. Since before, things like this dey make market busy but price dey go down, which show say people no dey too trust market now.