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
0
Other news
Crypto Usage in Iran Surges Amid Political Crisis
Crypto usage in Iran has surged amid ongoing protests and economic instability, with significant Bitcoin withdrawals reported as citizens seek to preserve value against high inflation.
Bitpanda Set to Launch IPO on Frankfurt Stock Exchange
Bitpanda is preparing for an IPO on the Frankfurt Stock Exchange, potentially valuing the company at up to $5 billion.
TRUMP Struggles Amidst Dominant Selling Pressure
TRUMP cryptocurrency faces significant downside risk around the 54 mark due to dominant selling pressure and low momentum, raising concerns among traders about its ability to reclaim key levels.
Phased Rollout of South Korea's Token Securities Regulations
Implementation of the new regulations will proceed in stages, with key dates set for 2026 and 2027.
Strategies for Integrating Inverse ETFs into Risk Management Frameworks
A comprehensive analysis of effective strategies for using inverse ETFs to protect capital has been presented.
Understanding the Mechanics of Daily Reset in Inverse ETFs
The daily resetting mechanism of inverse ETFs introduces path dependency, affecting their long-term performance.
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