Akan's market share today

Yesterday, the price of Bitcoin briefly fell below the important psychological level of 60,000, but then successfully recovered. At the same time, Ethereum also rebounded from a low of 2,900. Market observations show that despite the correction experienced by Bitcoin, Ethereum bulls actively intervened to stabilize the market, suggesting strong support.

In addition, although Bitcoin fell yesterday, other altcoins did not fully follow its trend, showing independent market performance. It is expected that the market will experience volatility before the next round of Bitcoin production cuts, and may lead to panic selling by investors.

Today's crypto market outlook

For Bitcoin, the market expects prices to fluctuate between 60,000 and 73,000 in the last 1.5 days before the production cut. Yesterday, Bitcoin hit a low near 60,000, and it is expected that it may rebound mainly around 64,000 in the near future, and market volatility expectations are relatively mild.

In terms of Ethereum, obvious market support was found near MA120. The current market view expects Ethereum to continue to rebound from this support level, with a focus on potential pressure points near 3126.