‼️🔴🚨Bitcoin Price Dips Amid President Biden’s Positive COVID-19 Test🔴‼️🚨
Bitcoin’s Volatility in Response to Major News
Bitcoin experienced a notable drop in value following the announcement of President Biden’s COVID-19 positive test result. Although Bitcoin’s price fell from $64,400 to $63,854 within a day, the actual impact didn’t align precisely with the timing of the news release. Investors are now assessing how external news influences the cryptocurrency’s price movements. Despite the initial drop, the cryptocurrency maintained relative stability without further significant losses immediately post-announcement.
Altcoin Updates
1. TON Coin:
- Attention: Significant interest due to partnerships with Tether.
- Price Movement: Faces resistance at $7.72; support at SMA50 ($7.32).
- Volatility: Large supply concentration in few wallets.
- Potential: A breakout above $7.72 targets $8.29, failure to hold support may see a dip to $6.77.
2. ADA Coin:
- Resilience: Positive RSI and support above key moving averages.
- Resistance Levels: Testing $0.51, crucial resistance at $0.45.
- Support: Must maintain $0.4 for stability, breaching $0.45 could trigger significant movement.
3. AVAX:
- Price Dynamics: Resistance at $29, potential upward movement to $34 and $37 if bullish sentiment prevails.
- Support: Critical at SMA20 ($26.84); a breach might target $21.8 and $19.
4. Shiba Coin:
- Market Behavior: Struggles to surpass $0.000020 due to profit-taking.
- Resistance and Support: Exceeding $0.000020 could push towards $0.000026; monitoring SMA20 support at $0.000017 is vital.
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