BITCOIN TESTS $100K AGAIN
BITCOIN TESTS $100K AGAIN
The cryptocurrency market dropped 3% in 24 hours, with capitalization falling to $3.51 trillion, its lowest in over a week.
Bitcoin is once again testing the $100,000 level, attempting to dip below this round figure.
While Bitcoin's decline mirrors that of stocks, it is seen as a sign of strength, as Bitcoin often experiences larger drops.
Over the past five and a half weeks, Bitcoin has shown an upward trend, now testing its lower boundary, attracting some interest.
A trend breakdown will be confirmed only if Bitcoin breaks below the 50-day moving average, which is currently near $91,700 but expected to rise to $94,000 by week’s end.
