The post Will Bitcoin Hit $60,000 Amid US- Israel Strike on Iran? Altcoins Also React appeared first on Coinpedia Fintech News
After a week of bullish optimism around Bitcoin, the Cryptocurrency has experienced a new shock amid geopolitical tensions. BTC dips to $ 64,000 on the last day of the month, down 6% in 24 hours. The asset has hit its lowest since February, near $63000. Altcons also react bearishly to this.
This reaction came suddenly after the Israel-US joint strikes on Iran. The Wall Street Journal reported the declaration of an immediate state of emergency by Israeli Defense Minister Israel Katz, and a claim by US officials about their participation.Â
Is this going to drag Bitcoin to $60K and below?Â
Bitcoin never closed 2 months red beforeÂ
Crypto Markers Bleeds,
Just a few minutes of the News, a whopping $100 million long crypto positions were closed. An estimate of $136.98 million total liquidation in an hour.Â
Major altcoins like Ethereum(ETH) feel over 7% below $1900, BNB falls 5% to $595, XRP lost to $1.2 for 8%, Solana dips 9.8% to $78, Doge coin dropped to $0.08944 ( 10%), Cardano ( ADA) to $0.2650 to 8.72%, all losing their key support levels.Â
Etherem to its selling level
BTC/USDT 1-hour shows retracement signs.Â
The BTC/USDT analysis shows a change of character (CHoCh) after registering the second hourly red candle. Changing the momentum to Bearsish.
As seen, there is a selling zone in $65,857 to $66,336 that will retract and then continue the bullish walk respecting the second bearish candle. $60K can be seen after successful retracement.Â
If fundamental momentum shifts, the selling zone will turn int Demand zone for further liquidity injection. Critical watch for Bitcoin.Â
 The post Will Bitcoin Hit $60,000 Amid US- Israel Strike on Iran? Altcoins Also React appeared first on Coinpedia Fintech News
After a week of bullish optimism around Bitcoin, the Cryptocurrency has experienced a new shock amid geopolitical tensions. BTC dips to $ 64,000 on the last day of the month, down 6% in 24 hours. The asset has hit its lowest since February, near $63000. Altcons also react bearishly to this. This reaction came suddenly after …Â
This articles is written by : Nermeen Nabil Khear Abdelmalak
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