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Bitcoin (BTC) Loses $100,000: What’s Next?
The cryptocurrency market has been under immense pressure recently, with the majority of assets experiencing significant losses. Bitcoin, the largest cryptocurrency by market capitalization, is no exception. It has breached the critical psychological barrier of $150,000 and continues to decline.
In this article, we will discuss the potential implications of this event on the broader crypto market.
It’s essential to note that Solana (SOL) has also been under significant pressure, falling below $30 after failing to breach the 200 EMA. This could be a sign of further bearish momentum in the near future, as investors may start to lose faith and panic sell their assets.
If Bitcoin can’t hold the $150,000 level, we may see it test support at $100,000, which would likely result in an even more substantial decline.
Source: u.today
