Bitcoin (Bitcoin) Fell sharply on October 27th, as $60,000 finally gave way to a two-week low.
Bitcoin enters the main purchase Walmart
The action is as follows Multiple retests At $60,000, Bitcoin is now absorbing liquidity in a large support wall based on $57,000.
Analyst, as Cointelegraph Report, Is ready, some data indicate that a deeper drop to the low of $50,000 will still maintain the overall bull market trend.
#Bitcoin Unable to break through $63.6K and test the other side of the range.
If 61.6K USD cannot be broken, it may fall again, and then I will consider 58K USD next. pic.twitter.com/HIsvhE5ZlZ
— Michaël van de Poppe (@CryptoMichNL) October 27, 2021
At the same time, when Charles Edwards, the CEO of the investment company Capriole, commented on the situation, he accused leveraged traders of causing volatility.
“Basically Bitcoin looks incredible on most indicators, but leveraged traders have lost control,” he said debate.
“Until this situation changes, we will not get a sustainable price increase.”
data show 500 million US dollars were cleared through cryptocurrency in one hour.
Altcoins have suffered heavy losses due to trend reversals
Ether (Ethereum) Wednesday caused altcoins to bleed and fell below the hard-won USD 4,000 support line.
Among the top ten cryptocurrencies by market capitalization, several have fallen more than 15% daily, including Dogecoin (dog) And Solana (SOL).
Shiba Inu (SHIB) is still basically in a green state, although the market has improved and continues to rise, it still rose by 23% that day Wild moon.