BTC Price Slips From @$90,600 To $89,467
Volatility is the key word that helps describe the state of Bitcoin, one moment up and another moments it is down.
Earlier today it was above $90k with some fraction, and a moment ago it has drop below $90 to $89,467 as seen with CoinGecko which indicate that btc is under performing the broader crypto market.
The question now as we keep watching is, will it drop below $98k or stays where it is for some moment or will it surge pass $91k?
Well, market analysis shows that there are key factors that could trigger the sharp drop such as the trade war fear - in which Trump's tariff imposition threat on EU goods ignite the risks off moves. Then comes the Long squeeze and liquidation of $600mm, as well as the Technical weakness in key support.
Hive Drop
A corresponding drop is equally seen on the hive chart as it drop to $0.094832 and keeps showing a sign of more drops.
As the clock ticks into the new business day our gauge is fix on the financial trends with the possibility that the almighty Bitcoin will rebounced to its lost glory.
Thank you for stopping by, do have a wonderful day.
Posted Using INLEO
