#Binance #bitcoin $ETH $BTC $ETH Hello everyone, how are you today?
On this occasion we will discuss the downward trend of bitcoin, which previously experienced an upward trend and has been maintained since early May. Within a day, BTC experienced a correction of 2.36% and the price fell to $67,890 at the time of writing. It is possible that BTC will experience a decline back to $66,000 because Bitcoin has lost important support at $68,500, of course this is very influential and indicates that this support is very important next time.
In the last 24 hours the crypto market has actually experienced a significant decline with a total capitalization of $56 billion in the last 24 hours. This is the main trigger caused by several factors, namely massive selling by investors and uncertainty ahead of the upcoming US inflation report. released within the next 24 hours.
Not only Bitcoin experienced the impact of this decline but also Altcoin, one of which was NOTCOIN which experienced the biggest decline today, with its price falling by 16% in the last 24 hours. This decline occurred mostly in the last eight hours. As a result, the altcoin fell to $0.0162, and lost support at $0.0179. Further declines would also likely send NOT falling to $0.0130, which is the next important support. Recovery looks a bit tough, but confirmation will only come when Notcoin price flips $0.0179 back to support.
This trend phenomenon makes it difficult for us to predict what will happen next in the crypto market and if massive selling continues by these investors, of course crypto asset prices could continue to fall. But if the inflation report shows a bigger decline than expected, our crypto market could recover.
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