🚨🚨 Crypto Markets Are Crashing! 🚨🚨
We've got some charts for you, but they all show a downward trend this time 😞
Bitcoin ($BTC)
Things went south on Friday evening with a sudden drop below $70K. The bears are strong, pushing BTC below $67K, and some experts are predicting it might hit $60K soon.
Key support levels:
$68K if it can bounce back and hold.
$64K if the decline continues.
$60K as a medium-term target.
Ripple ($XRP)
It's tough to be optimistic about XRP now. The price has been low for a while, and the recent crash didn't help. Ripple fell by 9% in the last week and is now under $0.5. Not a good sign.
Key support levels:
600 SAT against BTC.
$0.48 as the next support level.
$0.4 as a medium-term target.
Polkadot ($DOT)
When it rains, it pours. Development might be good, but when markets crash, almost everything follows. DOT is crashing toward $6, the next support level. Bulls are nowhere in sight, but some analysts are still hopeful.
Key points:
$6 as the immediate support.
14% decline in two weeks.
$7.9 as a possible reversal target.
Overall, the markets have definitely seen better days.
What do you think? Are we heading for a deeper correction, or is the crypto market gearing up for another rise and new BTC highs this summer?