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🚨 Bitcoin Loses $70K Support, Ethereum Dumps Below $2.1K BTC Below $70K
After it was rejected at $76,000 last week and pushed south to $69,000 by the time the weekend approached, the primary cryptocurrency actually spent Saturday and Sunday trading mostly at around $70,000 and even tapped $71,000 briefly.
However, Trump’s latest threats against Iran sent it south by a few grand to just under $68,500. It dipped further when the legacy futures markets opened to $67,500 before it skyrocketed on Monday to over $71,600 after the POTUS said the US and Iran have been in talks to de-escalate the war.
It whipsaw once Iran denied the claims, and even dipped below $69,000 briefly on Tuesday. It went on the attacks once again on Wednesday and touched a weekly peak at $72,000 when the bears stepped up once again. BTC managed to maintain above $71,000 for several hours, but began to break down earlier today and slipped to just over $69,000 minutes ago.
#BTC走势分析 #BTC☀ #BTC
After it was rejected at $76,000 last week and pushed south to $69,000 by the time the weekend approached, the primary cryptocurrency actually spent Saturday and Sunday trading mostly at around $70,000 and even tapped $71,000 briefly.
However, Trump’s latest threats against Iran sent it south by a few grand to just under $68,500. It dipped further when the legacy futures markets opened to $67,500 before it skyrocketed on Monday to over $71,600 after the POTUS said the US and Iran have been in talks to de-escalate the war.
It whipsaw once Iran denied the claims, and even dipped below $69,000 briefly on Tuesday. It went on the attacks once again on Wednesday and touched a weekly peak at $72,000 when the bears stepped up once again. BTC managed to maintain above $71,000 for several hours, but began to break down earlier today and slipped to just over $69,000 minutes ago.
#BTC走势分析 #BTC☀ #BTC
🚨Bitcoin outlook:
Expecting BTC to continue its downside move, forming a second-leg expansion to the downside. The key level to watch is around $65,968, where price may tap into liquidity.
If that zone holds, a strong reversal is likely, potentially leading to a larger bullish expansion.
Market structure still suggests this is a corrective phase within a broader move, so patience and confirmation at the level will be crucial.
Not financial advice. Manage risk accordingly.
#BTC走势分析 #BitcoinDunyamiz
Expecting BTC to continue its downside move, forming a second-leg expansion to the downside. The key level to watch is around $65,968, where price may tap into liquidity.
If that zone holds, a strong reversal is likely, potentially leading to a larger bullish expansion.
Market structure still suggests this is a corrective phase within a broader move, so patience and confirmation at the level will be crucial.
Not financial advice. Manage risk accordingly.
#BTC走势分析 #BitcoinDunyamiz
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