Crypto Market Slumps for Third Consecutive Day, Bitcoin Drops Below Key Support — TradingView News
The cryptocurrency market continues to experience a steep downtrend, marking its third consecutive day of losses. Bitcoin (BTCUSD), the market leader, has fallen approximately 12% over this period, crossing below a critical support level not breached in the last 50 days. The current trading range of $89,500 to $90,000 is pivotal, and analysts suggest a further decline of about 2.5% could mark the bottom of this bearish phase.
Bitcoin Faces Unprecedented Pressure
Bitcoin is currently trading at $91,417.29, down 3.81% in the last 24 hours. The breach of the 50-day support level of apx 91700 in Bitcoin Futures is a noted, and now I am eyeing the $89,500-$90,000 range, following the directional bias of “bearish below $94190” analyzed in…
