The global cryptocurrency market cap stands at $2.36 trillion today, marking a 2.6% decline in the last 24 hours. Bitcoin (BTC) is currently trading at $59,780, reflecting a 4% decline on the daily chart and a 12% decline on the monthly chart.
Trading expert Alan Santana suggests that Bitcoin might face a significant downturn soon, potentially experiencing a severe drop known as an SSD-Wave, which could exceed 40%.
Key levels to watch are $57,500, $40,000, and $35,000. These levels have historically shown strong support and could influence Bitcoin's future price movements.
Investors should stay vigilant and adjust their strategies accordingly, as altcoins' recent declines may signal a broader market trend. 📉
Stay tuned for more crypto insights! 👍
Disclaimer: Cryptocurrency investments carry risks, and prices can fluctuate widely. Always conduct thorough research and consider your risk tolerance before investing.
