๐จ The crypto market is awash in redโฆ Whatโs happening? ๐ป
Bitcoin falls below $83,000 ๐
Ethereum drops to around $2,470 ๐ณ
๐ Weekly recap:
๐ธ Bitcoin: down more than 5%
๐ธ Ethereum: down around 9%
๐ธ Ripple: down around 8%
โ Why the decline?
๐ธ Money flows out of ETFs, with Bitcoin funds seeing withdrawals of around $487 million in a single day
๐ข๏ธ Rising oil prices and U.S. bond yields
๐ Is there hope?
Technical buy signals have appeared on the four-hour timeframe, but trading volumes are low and the rebound has yet to be confirmed โ ๏ธ
The $82,000 zone is the support level everyone is watching ๐
๐ฌ What do you think?
๐ข Buying opportunity?
๐ด Is a bigger drop coming?
Share your thoughts in the comments ๐ and share the post with a fellow trader ๐
โ ๏ธ For informational purposes only, not investment advice. Prices change quickly, so check before making any decisions.