If Bitcoin Plunges Below $57,000, Here Are 3 Possible Outcomes, Ethereum ETF Approval May Be Imminent as VanEck Steps in: Crypto News Digest by U.TodayDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.
Since instead of conquering new highs, Bitcoin has been recently dropping to new lows, one should be ready for various scenarios in order to adapt to the harsh reality. If BTC breaks below the crucial $57,000 level, could occur. First, the 200 EMA would no longer be valid as a support level; if the flagship crypto loses this support, it would enter bearish territory and might exacerbate the sell-off.
If Bitcoin Plunges Below $57,000, Here Are 3 Possible Outcomes, Ethereum ETF Approval May Be Imminent as VanEck Steps in: Crypto News Digest by U.Today
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