As the presidential race in the US between Harris and Trump intensifies, the crypto market, including Bitcoin, feels pressure. As several key states remain in limbo, the market behaves unstably, reacting to possible election outcomes.
Bitcoin Support Levels and Entry Strategies
Bitcoin recently pulled back, and the critical support level now is between $66,500 and $67,500. If the price holds in this range, it could signal strength. However, in the case of a downside breakout, BTC could fall to $59,000. Some investors are considering buying at these levels or waiting for a clearer picture to enter the next wave of growth.
Ethereum and Market Sentiment
#Ethereum also suffers from general #FUD (fear, uncertainty, and doubt). In a bearish sentiment, further declines are possible, however, this opens up opportunities for accumulation in the long term.
Altcoins: Bear Market and Bottom Finding
Many altcoins are being held at consistently low levels, and while Bitcoin avoids a deep drop, it is likely that altcoins will remain in a stable range, which may indicate that a bottom has been reached.
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