💰💰Bitcoin Price Analysis and Market Update💰💰
Bitcoin Price Analysis:📈📈
The Bitcoin price (BTCUSD) continues to decline, approaching the first target at $91,000. The price is moving within a correctional bearish channel, increasing the likelihood of a further decline towards the 38.2% Fibonacci correction level at $87,055.
Trend Forecast:📈📈
The expected trend for the upcoming period is bearish. However, if the price breaches $95,195, it may stop the decline and attempt to regain the main bullish trend.
Expected Trading Range:📈📈
The expected trading range for today is between $88,000 (support) and $94,500 (resistance).
Market Update:📈📈
Today's market saw a significant price swing, with Bitcoin briefly reaching $95,000 before collapsing to $92,000, resulting in the liquidation of around 100,000 traders.
Daily Digest:📈📈
- Tether added 7,629 BTC (worth $700 million) to its Bitcoin reserves.
- A hacker transferred 51,000 ETH coins to a multi-signature address.
- MicroStrategy acquired 2,138 BTC for $209 million.
- A Hong Kong legislator proposed adding Bitcoin to the country's national reserves.
- Crypto scammers have found a new way to hack victims using a fake Zoom webpage.
- Foundry USA Pool returned a transaction fee of 8.18 BTC paid by mistake.
- The US Treasury reported a cyberattack by Chinese hackers on its workstations
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