Crypto Blog
Bitcoin’s price experienced a significant drop yesterday following the breakdown of the $64K support level. The price is now in a key area that could determine the crypto market’s mid-term fate.
If it also fails to hold the price, the market is likely to go through a much deeper decline toward $52K. With the RSI also showing values below 50%, the momentum is pointing to a potential continuation of the bearish move.Looking at the 4-hour chart, things seem a bit more optimistic for Bitcoin. The price has rebounded from the $60K support level with a long wick and is currently trading around inside the range between $64K and $60K.
With Bitcoin again failing to create a new record high, analyzing investors’ behavior can provide clues for better predictions of future price action.
France Dernières Nouvelles, France Actualités
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