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📺 Bitcoin falls below key support level, with crypto ‘whales’ slow to buy: 😀😀
🔥The No. 1 cryptocurrency by market capitalization may decline toward $60,000
Bitcoin has fallen below its 50-day average of around $65,800, an important support level, signaling a potential correction of 8% to 12%, according to analysts at CryptoQuant. The coin may decline toward $60,000, the analysts noted.
✍️The No. 1 cryptocurrency BTCUSD, -2.32% by market capitalization dropped 2% on Tuesday to around $64,625, according to Dow Jones Market Data. Bitcoin has gained over 50% so far this year but is still down more than 12% from its all-time high of $73,798, reached in March.
✍️The $60,000 level defines the bottom of a trading range with its top at around $71,600, according to Katie Stockton, founder and managing partner at Fairlead Strategies.
✍️comments0The No. 1 cryptocurrency by market capitalization may decline toward $60,000.Bitcoin has fallen below its 50-day average of around $65,800, an important support level, signaling a potential correction of 8% to 12%, according to analysts at CryptoQuant. The coin may decline toward $60,000, the analysts noted.
✍️The No1 cryptocurrency BTCUSD, -2.39% by market capitalization dropped 2% on Tuesday to around $64,625, according to Dow Jones Market Data. Bitcoin has gained over 50% so far this year but is still down more than 12% from its all-time high of $73,798, reached in March.
The $60,000 level defines the bottom of a trading range with its top at around $71,600, according to Katie Stockton, founder and managing partner at Fairlead Strategies.
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