Bitcoin fell below 94K again today, and has fallen by nearly $10,000 from the high of 102K two days ago... It seems that the good days of the bull market will end in a few days?
According to data, Bitcoin plummeted by $5,000 and fell below 97K after the US employment report came out yesterday.
It continued to fall today and has fallen below the two key price levels of 95K and 94K, setting a new low since January 1. Other altcoins are even worse, with Ethereum falling below 3,300, and Dogecoin and SOL both falling by more than 8%.
The entire crypto market evaporated nearly $400 billion in 36 hours...
Analyst Ali Martinez warned that if Bitcoin continues to fall below the support level of 92K, it may plummet all the way to 74K.
Because Bitcoin rose too fast after the election, there was almost no support in the middle. It has now fallen below the important support range of 95.4K-98.4K, in which 1.8 million addresses hold more than 1.5 million bitcoins.
It seems that the market will be very exciting in the next few days...
The only chance is if the non-agricultural data is directly below 100,000.