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FxPro@fxpro P.10513

FXPRO Telegram 10513

The crypto market teeters on the brink of correction

The cryptocurrency market has lost 1.4% in the last 24 hours, falling to $3.29 trillion. Over the past 10 days, the market has mostly stayed in the $3.3-3.4 trillion range, pulling back to late November levels where positions were also shaken out. Here is the classic 61.8% retracement level from the early November rally to the mid-December high.

The price of Bitcoin pulled back to $93.5k, falling below the 50-day moving average after Christmas. Like the rest of the crypto market, bitcoin has returned to the 61.8% level. Bitcoin is on the verge of a technical pullback, and a failure below $93k would signal a break in the short-term trend, which could lead to a deeper decline that could erase all the gains made in November-December.

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Forex - The crypto market teeters on the brink of correction | Crypto Review

Market Picture The cryptocurrency market has lost 1.4% in the last 24 hours, falling to $3.29 trillion. Over the past 10 days, the market has most...

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Create: 2024-12-30
Last Update: 2025-01-18 10:29:57

The crypto market teeters on the brink of correction

The cryptocurrency market has lost 1.4% in the last 24 hours, falling to $3.29 trillion. Over the past 10 days, the market has mostly stayed in the $3.3-3.4 trillion range, pulling back to late November levels where positions were also shaken out. Here is the classic 61.8% retracement level from the early November rally to the mid-December high.

The price of Bitcoin pulled back to $93.5k, falling below the 50-day moving average after Christmas. Like the rest of the crypto market, bitcoin has returned to the 61.8% level. Bitcoin is on the verge of a technical pullback, and a failure below $93k would signal a break in the short-term trend, which could lead to a deeper decline that could erase all the gains made in November-December.

——————
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Date: 2025-01-18|

Users are more open to new information on workdays rather than weekends. When choosing the right name for your Telegram channel, use the language of your target audience. The name must sum up the essence of your channel in 1-3 words. If you’re planning to expand your Telegram audience, it makes sense to incorporate keywords into your name. Hashtags With Bitcoin down 30% in the past week, some crypto traders have taken to Telegram to “voice” their feelings. As of Thursday, the SUCK Channel had 34,146 subscribers, with only one message dated August 28, 2020. It was an announcement stating that police had removed all posts on the channel because its content “contravenes the laws of Hong Kong.”
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