At the time of this writing, the price of Bitcoin (BTC) is battling through historical areas of support and resistance.
While writing this memo, Each Bitcoin trades for approximately $73,500As you can see in the graph below. Here you can also see how Bitcoin has bounced up and down at this price level in the past.
As explained on Cryptopedia (Education section of CriptoNoticias), in support zones, Bitcoin is more likely to rise.
However, if supply forces prevail and Bitcoin continues its downward trend, the $62,000 area could become an important level for Bitcoin.
This movement is not limited to Bitcoin. Elle S&P500an index that tracks the top 500 U.S. stocks, Tuesday is also bearish.
Y Altcoins bear the brunt. The following chart provided by CoinMarketCap shows the 10 cryptocurrencies and tokens that have fallen the most over the past week.
goldin that part, remains relatively stable After fixes made during this week.
According to a Bloomberg analysis, the main reasons for the decline in stock prices that are keeping the index away from record levels are: strategic capital turnover Investors are abandoning the technology sector and growth companies.
The move will be driven by skepticism about the return on investment (ROI) of large investments in artificial intelligence, rising oil prices due to geopolitical tensions in the Arabian Sea, and uncertainty over the overvalued valuations of big technology companies.
In addition, technical factors such as: Individual buying fatigue and hedge adjustment in the options market These intensified volatility and selling on Wall Street, which spilled over into the Bitcoin and crypto markets.
