Bitcoin Poised for Potential Recovery in Market Recession, Key Support Levels Critical for TON Coin.

Bitcoin has experienced significant market movements since mid-June, especially in the spot Bitcoin ETF space. Financial expert Willy Woo attributes the current difficulties to the exclusion of small miners after the halving. Woo predicts a recovery in Bitcoin's hash rate and market price following the current miner sales and equipment closures. Importantly, although Bitcoin lost the $64,602 support level, it did not decline further due to buying from the lower levels. If Bitcoin regains its moving averages, the bulls could guide the price towards $70,000, in which case it could also break the resistance range between $72,000 and $73,777. Alternatively, a drop to $60,000 could negatively impact altcoins, but the failure of the bears to close below $63,379 remains a positive sign.

Due to Pantera Capital's increasing investments, TON Coin attracted the attention of investors. The key resistance level at $7.67 must be overcome for prices to target $8.29. However, a drop below $6.6 could trigger a head-and-shoulders formation, indicating that prices could drop to $4.91. The four-hour market chart shows that the bears have failed to push prices below the uptrend line, which is a strong resistance. Although intense selling pressure between $7.67 and $8.29 prevents reaching the $10 level, there is also a risk that the price will drop to $6.6.

In summary, the cryptocurrency market entered a pause period over the weekend, but signs of recovery are appearing. Closely monitoring key support and resistance levels in both #Bitcoin and #TON Coin is critical to making informed investment decisions.