Today, the cryptocurrency market faced challenges as Bitcoin plummeted to $53,485 on Binance, impacting altcoins adversely. An expert analyst critically analyzed this setback, identifying a probable support level for Bitcoin around $52,000. Despite oversold indications, the analyst warns of potential further price drops. It is crucial for investors to carefully observe Bitcoin's performance for positive indications like consolidation and divergence.
Analyst Predicts Bitcoin's Support Level - Insights

by Giorgi Kostiuk
2 years ago

Other news
Corporate Bitcoin Treasuries Surge by 260,000 BTC in Six Months

Corporate digital asset treasuries have added a net 260,000 Bitcoin to their balance sheets over the past six months, significantly outpacing the estimated 82,000 coins mined during the same period.

CatFee Launches Whale Vault with 12% APY on TRX

CatFee has launched the Whale Vault, enabling users to stake TRX with a minimum of 5 million TRX for a 12% annual percentage yield.

Tesla to Enter Settlement Negotiations Over Racial Harassment Allegations

Tesla has agreed to participate in private mediation with the US Equal Employment Opportunity Commission regarding allegations of racial harassment at its California factory.

MARA Holdings Maintains Strong Bitcoin Treasury Amidst Competition

MARA Holdings maintains one of the largest Bitcoin treasuries, holding over 55,000 BTC, positioning itself as a strong competitor in the Bitcoin mining industry.

ApeCoin APE Shows Mild Correction Amid Low Volume

ApeCoin APE is trading down 1.63% in the last 24 hours, currently priced at 0.02072. Despite this mild correction, the project maintains a steady community of approximately 1859K holders.

MicroStrategy Acquires Largest Amount of Bitcoin in Half a Year.

MicroStrategy has announced a significant acquisition of Bitcoin, purchasing 13,627 BTC for approximately 125 billion, marking its largest purchase in nearly six months.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter