Bitcoin’s move to $32.4K was a fakeout — Here’s the price level most BTC traders are waiting for
— Crypto, 324k, Price, Heres, Trading, User, Source, Level, Posted, Waiting, Fakeout, Market, Twitter, Range, Bitcoins, Chart, Traders, Btc, Lower — 1 min read
An early morning attempt to push Bitcoin (BTC) above $30,000 was hit with a wave of selling that dropped it to a daily low of $29,286. Bitcoin's slide back into its current range was “expected,” according to crypto trader and pseudonymous Twitter user Altcoin Sherpa. ShardiB2 likewise lamented the price pullback into the trading range, noting that “Elon, Dimon, Goldman, etc., saying [the] economy is going to be shit for a while” The overall cryptocurrency market cap now stands at $1.217 trillion and Bitcoin’s dominance rate is 46.3% of the market cap is now $1,217 trillion. An estimate on how long traders can expect the current market struggle to persist Source