The post How Low Can Bitcoin and Ethereum Crypto Drop This Week? appeared first on Coinpedia Fintech News
Following the massive bull run starting last September, the crypto market experiences a slump in Q2 2024. With the Bitcoin and Ethereum prices facing a healthy correction over the past few weeks, the bulls rest from exhaustion.
Currently, the BTC price is down by 15.59% from the all-time high of $73,794 and ETH by 18.15% of the $4,093 yearly high. Similarly, the crypto market is down by 18.77% from the $2.721 Trillion yearly high in March 2024.
As the crypto market correction continues, will the downfall in Bitcoin and Ethereum lead to new bottom formations? Or will the crypto prices take strong support for a bounce back?
Bitcoin Under Correction Eyes $60,000
With a bearish reversal from the dominant resistance trendline, the BTC price has dropped by 12.43% in the last 18 days. The downfall breaks under the 50-day EMA and leads to a new secondary resistance trendli
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