Crypto market slides deeper into correction territory as Bitcoin struggles to hold $28k Bitcoinprice BTC crypto
- The crypto market slid deeper into correction territory on Thursday as Bitcoin now finds itself fighting to hold onto support at $28,000 while numerous altcoins have recorded double-digit declines over the past 24 hours.
Data provided by TradingView shows that Bitcoin bulls were unable to defend the $29,000 support level, which resulted in bears dropping the top crypto to a daily low of $28,037 on Thursday afternoon before dip buyers bid it back above $28,300.The downward move for BTC led to April Bitcoin futures prices trading lower again on Thursday, according to Kitco senior technical analyst Jim Wyckoff, who observed that “Bulls are fading after prices hit a contract high last Sunday.
A look at how BTC price action could play out in the event that it continues to correct to lower support levels was provided by DeFi analyst Yoddha, who posted the following chart and suggested that the market is simply undergoing “a healthy pullback.”The price is sitting above the April open right now. And HTF structure is still in an uptrend.
We saw similar rejection in 2019 but once the base was reclaimed price went up by +147%#crypto #btc pic.twitter.com/7tCESq8aOy
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Crypto market plunges as Bitcoin falls below $30kThe market-wide pullback many had been expecting for cryptos finally came on Wednesday as prices were down across the board, with BTC falling to $29,200.
Leer más »
Hong Kong High Court’s latest ruling could change the way we look at crypto…A ruling in the bankruptcy case of Hong Kong-based crypto exchange Gatecoin has led to the crypto being recognized as property in the island city. The ruling will help guide liquidators as they manage the crypto assets of defunct businesses.
Leer más »
BitMart to list 30x memecoin TOADS post FTX asset recoveryWhile FTX recovers in the crypto market, DigiToads, a new meme coin with 30x return […]
Leer más »
Intel to stop manufacturing Bitcoin mining chips, here’s whyUnited States-based chip manufacturing giant Intel has decided to terminate its line of Bitcoin mining processors as part of cost-cutting measures.
Leer más »
Bitcoin supporters can thank these holders for BTC’s return to $30kBitcoin’s effort to stay above $30,000 wasn't exactly backed by heavy accumulation. In fact, exchange flows have been slowing down, while inflows slightly outweighed outflows as per the latest observations.
Leer más »
Crypto prices recover from Monday's dip, BTC trades above $30,400The cryptocurrency market recovered from Monday’s dip in trading on Tuesday as Bitcoin climbed back above $30,400 while Ether continues to hold above $2,050.
Leer más »