$BTC
๐จ๐ฅ BREAKING: Crypto Sells Off as Bitcoin Drops Below $84,000! ๐
Bitcoin fell below $84,000 on Wednesday and reached about $83,300, down roughly 3.5% in 24 hours after trading as high as $86,648. Ether also dropped about 3.5% to around $2,600.
What this means right now:
๐ฅ Big Liquidations: About $555.6M was liquidated in 24 hours, and $487.2M of it was long positions.
๐ข๏ธ Oil Shock: Reports link the drop to Brent crude rising above $101 after Iranian attacks on tankers near the Strait of Hormuz. A stronger dollar and higher Treasury yields added pressure on risky assets.
๐ Key Level Lost: Bitcoin fell below its 20-day average near $84,180. Analysts are now watching $83,000, then the 50-day average near $80,300.
๐ง Resistance: BTC has failed several times near $87,000. One analyst wants a close above $86,700 to confirm a new move up. #bitcoin #crypto
๐จ๐ฅ BREAKING: Crypto Sells Off as Bitcoin Drops Below $84,000! ๐
Bitcoin fell below $84,000 on Wednesday and reached about $83,300, down roughly 3.5% in 24 hours after trading as high as $86,648. Ether also dropped about 3.5% to around $2,600.
What this means right now:
๐ฅ Big Liquidations: About $555.6M was liquidated in 24 hours, and $487.2M of it was long positions.
๐ข๏ธ Oil Shock: Reports link the drop to Brent crude rising above $101 after Iranian attacks on tankers near the Strait of Hormuz. A stronger dollar and higher Treasury yields added pressure on risky assets.
๐ Key Level Lost: Bitcoin fell below its 20-day average near $84,180. Analysts are now watching $83,000, then the 50-day average near $80,300.
๐ง Resistance: BTC has failed several times near $87,000. One analyst wants a close above $86,700 to confirm a new move up. #bitcoin #crypto