BTC reached 63,000$ and why is it down again? Is it because of some special news?
I didn't find such big negative news but there is a reason for this down.
I and other Traders think this is a Market Relief Rally.
A market relief rally means that the market moves in such a way that it can be relieved instead of moving in the other direction
Ex: Bitcoin went down from $72,000 to $58,000. Without continuing this down, the market got a small pump to $63,000. Bitcoin, which went down to $63,000, came back to $57,000... For this correction, we have a Market Relief Rally. It is said that
If this is a market relief rally, Btc may go down further. The next support zone is at $56,700...
I will put some more news important to the market below.
Fear and greed index score 44%
Ethereum Set to Eclipse Bitcoin: ETFs Could Catapult ETH to New Heights
Spot Ethereum ETF Launch Likely Set for July 15
Bitcoin Bottoming Out? Coinbase Premium Discount Suggests BTC Could See 'Splendid' 6-12 Month Returns
Bitcoin miners can see a significant decrease in selling Bitcoin
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