Dear Friends,
It has been a dumping period in the crypto market.
Having after the clearance of ETH ETFs by SEC, the markets are dumping a lot.
As I have mentioned in the previous post, please hold your positions for the next two weeks and don't sell anything in panic.
At the time of writing this article, the global cryptomarket cap stands at $2.35T, a marginal increase of 0.34% from yesterday.
The crypto market leaders BTC currently trades at $ 64361 (+0.16%) while ETH trades at $ 3514 (0.44%).
But there is a good news in the Bitcoin price.
Bitcoin bounced from the crucial support of $63.3k with the analysis of its trend line and the fibbo support.
This level is very crucial for the Bitcoin price and this level has to hold.
If it breaks, there will a negative news again. But there is no negativity as of now in the BTC price.
If it holds this level, BTC will again climb to 66K USD.
On the other hand, if it breaks, the price of BTC would further to 58K level.
So watch out the important levels as far as BTC is concerned.
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