Will XRP's $0.5 Reversal Finally Happen? Bitcoin Can Hold Above $60,000, Cardano Lost $0.4: What's Next?Disclaimer: 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.
More sellers are putting more pressure on the cryptocurrency market, and Bitcoin is no different. Given the extreme volatility of the last few days, the price action of BTC must continue to hold above the $60,000 threshold. The current state of the market is testing this level, which has historically provided strong support. is likely to face difficulties in the future, according to a number of technical indicators.
On the flip side, if Bitcoin fails to hold the $60,000 support, the next major support lies around $57,000. A drop below this level could invalidate the 200-day EMA as a support, pushing Bitcoin into a more bearish zone and potentially triggering a stronger sell-off.appears to be at a standstill as investors are not taking notice of what was once one of the most intriguing assets available, and core enthusiasts are the only ones giving it serious consideration.
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