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🩸🩸🩸Cryptocurrencies are going through a bloody process: Will the decline in Bitcoin continue?
The price movements of Bitcoin (BTC) in cryptocurrencies, which have collapsed along with the Iran-Israel tensions, have caused unease.
After making ATH, #Bitcoin (#BTC ), which has changed to a Deceleration trend, has seen consecutive sales with geopolitical tensions. Admiral of the cryptocurrencies, which lost 10 percent in value in just a few hours, destroyed the altcoins by throwing a needle for $ 60,500. While many altcoins recorded a decline of more than 20 percent, the fear created by the market came to the fore. Which levels are important to follow for BTC during this process?
Hard correction in Bitcoin before Halving!
With an average of five days left until the next halving, cryptocurrencies, whose volatility has increased, have entered a more critical period with the Deconfliction between Israel and Iran. Bitcoin, which lost its support levels one by one, caused a big destruction in the market by testing $ 60,500. Later, the slowdown in Israeli-Iranian tensions pushed the price of BTC above $ 64,500 as a driving force. Which levels are important to follow for BTC, which has made altcoins rise slightly?
BTC, which found buyers at $ 64,700, may catch up with bullish momentum again with factors such as the calming of the chaos environment, the reduction of geopolitical problems, halving creating a positive October. In such a scenario, respectively 65.766 – 67.613 – 69.017 – 71.289 and a move towards $73,684 can be expected. However, the increasing escalation of the Israeli-Iranian conflict will continue to create selling pressure in cryptocurrencies. In such a scenario, respectively 62.080 – 60.810 – 59.024 – 56.622 and drops towards $54,966 can be followed.
