Bitcoin just lost 66,000 dollars, and it is now 21 percent below its October peak. 📉
CoinGecko data checked at 20:00 PKT puts Bitcoin at 65,869 dollars, down 4.37 percent in 24 hours, after touching a weekly low near 66,397 dollars. 📊 The October 21 peak was near 84,780 dollars, so Bitcoin has now given back more than a fifth of its value in under four weeks, and CoinDesk reports it is on course for a sixth straight weekly loss. My reading is that losing 66,000 on a Saturday, with no stock market open to steady the mood, leaves the market fragile, and Coinbase Institutional sees 62,000 as the next major level if the 66,000 to 68,000 range fails.
Does Bitcoin defend 65,000 this weekend, or is 62,000 the next stop? 🤔
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#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinPrice
CoinGecko data checked at 20:00 PKT puts Bitcoin at 65,869 dollars, down 4.37 percent in 24 hours, after touching a weekly low near 66,397 dollars. 📊 The October 21 peak was near 84,780 dollars, so Bitcoin has now given back more than a fifth of its value in under four weeks, and CoinDesk reports it is on course for a sixth straight weekly loss. My reading is that losing 66,000 on a Saturday, with no stock market open to steady the mood, leaves the market fragile, and Coinbase Institutional sees 62,000 as the next major level if the 66,000 to 68,000 range fails.
Does Bitcoin defend 65,000 this weekend, or is 62,000 the next stop? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinPrice
