Bitcoin recently reached an all-time high of $73,777 before dropping to a low of $59,050. It's currently hovering around $66,350, which is close to its mid-range of $66,400.
The breaker point in the market is estimated to be between $69,000 and $70,000, which aligns with the Bull Rune's all-time high of around $69,000. The current market conditions are showing a higher low, which typically indicates a bearish trend.
Taking all of this, the next significant point in the market is projected to be around $52,000.
Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update. Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you. TradingView: @frmnCapital
The breaker point in the market is estimated to be between $69,000 and $70,000, which aligns with the Bull Rune's all-time high of around $69,000. The current market conditions are showing a higher low, which typically indicates a bearish trend.
Taking all of this, the next significant point in the market is projected to be around $52,000.
Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update. Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you. TradingView: @frmnCapital
