In hours following Jerome Powell’s announcement of keeping interest rates unchanged, Bitcoin and the broader cryptocurrency market have entered a steep correction. The Bitcoin (BTC) price is down over 3.5% in the last 24 hours and has moved closer to the $25,000 level.
Similarly, the broader cryptocurrency market has eroded over $40 billion of investors’ wealth and is on the verge of falling under the $1 trillion mark.
As of now, $25,000 stands as a strong support level for Bitcoin (BTC), and any fall under this could push it further down to $23,500 and below.
There we go on #Bitcoin.
The lows are getting swept.
Heavily interested to see response at the $25K region. pic.twitter.com/0ekuDdRptL
— Michaël van de Poppe (@CryptoMichNL) June 14, 2023
Popular crypto analyst Ali Martinez reported: “Bitcoin sits on thing ice! Notice the most important support zone is between $22,785 and $23,595 where 1.34 million wallets hold 450,000 $BTC. On the flip side, #BTC faces stiff resistance
We współpracy z: https://coingape.com/bitcoin-and-crypto-enter-steep-correction-next-btc-price-stop-at-23500/
