Bitcoin investors have been unable to maintain their crucial short-term support, which is the average price they purchased Bitcoin at over the last 6 months, which stands at $64,580.

🔹Economic and political news significantly impact all markets currently, not just cryptocurrencies. Stock markets have also experienced significant losses.

🔹Bitcoin is currently very likely to target the range of $53,000 to $54,000, which corresponds to the lower edge of the descending channel if it continues to stay below the support level of $64,580.

🔹Alternative coins are particularly affected by the current negativity, and some of them may disappear. Therefore, choose alternative coins carefully during this time.

Written by abramchart