Analysis: Bitcoin needs to stay above $100,000 to maintain its upward trend
crypto analyst Ali released a chart analysis stating that BTC needs to stay above $100,000 to maintain the trend of breaking through that channel. If it falls below $100,000, the price may drop to around $78,500 near the lower channel boundary.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Australian and New Zealand Dollars dig in ahead of a Japanese rate hike
Turkey Implements Multi-Pronged Emergency Measures: Nearly $20 Billion Fund Liquidation, Executives Arrested, Trading Ban
The Turkish Finance Minister stated that the risks are "temporary and controllable." Regulators will liquidate over one hundred funds managed by seven asset management companies, with portfolios involving more than 350,000 investors. Criminal charges have been filed against 38 individuals, along with a two-year trading ban. Several senior executives from financial institutions have been arrested, detained, or restricted from leaving the country. The central bank increased repo financing, relaxed capital requirements for banks, and raised the interbank money market borrowing limit to ten times its previous level. On Thursday, the Turkish bank stock index surged over 9%, while many small and mid-cap stocks continued to decline.
Silver jumps 4.6% after Fed rate hike, tests $66 support
Crypto prices
More
