Bitcoin

<ul><li>Bitcoin&#39;s drop below $65.8K signals potential 8%-12% correction, mirroring 2020&#39;s support search pattern.</li><li>Ethereum ETF S-1 documentation release may trigger a Bitcoin price reversal, crucial for market sentiment.</li><li>Decreased trading volumes and mixed derivatives data indicate cautious sentiment, with a slight bearish short-term trend.</li></ul><a href="https://cryptotale.org/bitcoin-slips-below-65k-a-detailed-market-overview-amidst-crypto-decline/" rel="noopener noreferrer nofollow">Bitcoin </a>has recently dipped below the critical support level of $65,800, now trading at <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$64,377.82</a>. As highlighted by <a href="https://x.com/cryptoquant_com/status/1804179918722388058" rel="noopener noreferrer nofollow">CryptoQuant</a>, an On-chain analytic firm, this decline has sparked concerns among investors, as falling below this threshold often signals a potential correction of 8% to 12%, bringing Bitcoin closer to the $60,000 mark.This movement is reminiscent of patterns observed in 2020, where significant price compressions were followed by searches for support and subsequent reversals.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXd_YcEaSl8lstkOd29DH47YRBODo_ehdpKtSwdfbiXk59RYYHVrA-FLhqgMApYly2KR6xfJ4m64eljKWvoiyTN1W7b553yFuINuqmw1I2k_1_NufxPFHKqXF71w-Jp-rzHiP712cVUfiyMwB9CyPaklwaG6?key&#61;2FQNY_86N6orGt__XaePqQ" />According to<a href="https://x.com/CryptoMichNL/status/1804212692585992346" rel="noopener noreferrer nofollow"> Michaël van de Poppe</a>, an analyst, this period of compression coincides with the anticipated release of the amended S-1 documentation for the Ethereum ETF. Such a development could potentially catalyze the much-anticipated reversal, marking a significant event for the cryptocurrency market.<a href="https://cryptotale.org/bitcoin-dips-below-65800-is-a-further-correction-to-60k-on-the-horizon/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Dips Below $65,800: Is a Further Correction to $60K on the Horizon?

CryptoTale

Andre artikler publisert på 22. juni 2024

Early Twitter Investor Naval Ravikant Calls Bitcoin (BTC) True Store of Value

MoonBag Sails as the Top Crypto Presale in 2024 With 88% APY & Incredible ROI, Whilst BlastUp, Se...

The Next Big Cryptos: Top 4 Coins to Invest In

Why Terra Luna Classic (LUNC), USTC Prices Crashed Amid Massive 6.5 Bln LUNC Burn

Chinese educational AI apps gain market in the United States

9 Reasons To Sell Your Ethereum (ETH) For Kaspa (KAS)

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!