The post Bitcoin Under $62K Warns A 10% Crash Next Week? appeared first on Coinpedia Fintech News
With almost $90 million in long liquidations, the Bitcoin price is evidently under high bearish pressure, dropping by 4.44% in 72 hours. Further, this drop showcases an amplified bearish wave transcending to the altcoins sector.
With almost a 15% drop in April 2024, the BTC price marks the first bearish month after August 2023. The price drop in the highly anticipated month of Bitcoin Halving expresses a healthy correction for a prolonged uptrend to an optimistic eye.
Will this pullback and the rising volatility around the $60,000-$62,000 support zone end the uptrend for Bitcoin? Or is the Bitcoin price prediction of reaching the $100,000 milestone come true?
BTC Price Performance
The biggest cryptocurrency with a market cap of $1.213 Trillion, Bitcoin trades at $61,516 and a 6.63% 7D return. With a massive market cap, Bitcoin dominates 53.50% of the crypto market. Hence,
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