The pie is falling, analysis of 3.18

Bitcoin (BTC) is a decentralized digital currency that operates without a central authority, providing peer-to-peer transactions over a secure blockchain network.

Bitcoin has a limited supply of just 210,000 coins, and its status as the first cryptocurrency makes it stand out among cryptocurrencies as “digital gold.”

After hitting a new all-time high of $73,750, Bitcoin prices experienced significant supply pressure, causing the currency to trade 10% lower at $66,626. Bitcoin’s current market cap is $1.3 trillion and trading volume was $4.93 billion in the past 24 hours.

If the bearish momentum continues, token holders can mark $60,300 and $56,000, in line with the 38.2% and 50% Fibonacci retracement levels. If the correction phase manages to resume bullish momentum, indirect supply from buyers could be at $73,750, followed by the psychological level of $75,000. #热门话题 #BTC #BOME

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