#Bitcoin / $BTC
Honestly don’t think a wick down to $49K is impossible at this point.
If we continue to move lower, major support level is right at $50K.
I’m as bullish as I’ve ever been on the industry and where we’re heading over the next several years, but still don’t think it’s smart to go all in trying to catch knives.
Just keep stacking during the FUD, hold, and thank yourself later.

BREAKING: Our traders forecast Bitcoin to drop as low as $49,000 this year

Kalshi Traders

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Original Author: He Hao, Wall Street Insights

On Thursday, US stocks plunged, with the Nasdaq falling over 2%. Some traders sold precious metals to offset losses in the stock market, causing gold, silver, copper, platinum, and palladium to decline sharply. The US dollar index rose slightly.

Amid renewed concerns about whether massive investments in artificial intelligence can truly be implemented on a large scale, US tech stocks declined. Metal prices suddenly fell due to suspected algorithmic trading selling, forcing some investors to exit commodity positions, including metals, to obtain liquidity, while some funds turned to US Treasury bonds for safety.

Spot gold fell as much as 4.1%, and silver plummeted 11...

Gold fell more than 4% at one point, and silver plummeted 11%, as a sharp drop in US stocks triggered a sell-off in algorithmically traded precious metals.

This trader made a total of 48 predictions of market movements within 15 minutes, earning a net profit of $80,000 in one day.

Earning $80,000 a day, this top player treats Polymarket like an ATM.

Written by: Mahe, Foresight News
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