“Everything Will Crash” Many Traders Are Selling Bitcoin At This Level!

A new report shows that investors are opting to sell as Bitcoin price recovers above critical resistance zones. But the situation can turn suddenly on the contrary…

Traders seize the recent Bitcoin surge as an opportunity to take profits

On-chain analytics resource Santiment said that traders prefer to take profits rather than wait as Bitcoin exceeds $20,000. Many market players rushed to take profits when the BTC price reached this level. However, Santiment also mentions a scenario that those who do this will regret:

It seems that many traders were waiting for the $20,000 threshold to start selling. As Bitcoin (BTC) rose above this spiritual level, it started to make massive profits. Now we will find out if those who are eager to sell will regret their decision.

According to Santiment’s chart, most of the trading volume of the day came from investors in profit. While BTC price was weak to break the $19,000 resistance until September 27, it gained strong momentum reaching $20,000 from the first hours of the day. This move means that September, which has remained red since 2016, will turn “green” in 2022. Price action naturally happened unnoticed in the market. It was a rise that surprised many masters.

Robert Kiyosaki says things will get worse

Bitcoin price is trading above $20,000 for the first time since September 18. CMC information shows that the total value of the cryptocurrency market has again exceeded $ 1 trillion. However, price action faces tough manias at higher levels. As the bitcoin and altcoin market continues to rise, trading volume remains weak for local tops. While the BTC price increased by around 5% compared to the last 24 hours, it did not get far from $ 20,000.

In the midst of this, Robert Kiyosaki, the author of the book “Rich Dad, Poor Dad,” said as Bitcoin fluctuated around $19,000 on September 26:

I have warned in my books, the biggest collapse has been happening since the 1990s. The FED prints FAKE dollars instead of solving problems. As everything collapses, gold, silver, even BC collapses. Your last asset in the giant crash is your financial wisdom.

Koindeks.com As you follow on , Kiyosaki said earlier that we can’t even buy more gold anymore. That said, there is still enough Bitcoin to buy. However, this time he did not encourage buying BTC.

A week ago, the Fed took another hawkish step to break the spine of inflation. The US Federal Reserve raised interest rates by 75 basis points. When this happened, Bitcoin started to drop from $19,800 to $18,800 in a single hour. It printed a long red candle on the chart. Thus, it was the third consecutive rate hike this year since May.

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