Crypto market correction deepens further with Bitcoin (BTC) correcting an additional 7% and slipping under $56,000 levels. On the monthly chart, Bitcoin has formed a new bottom as it continues to break crucial support levels.
The world’s largest cryptocurrency has also extended its weekly losses to more than 15%. As of press time, BTC is trading at a price of $55,938 with its market cap sustaining just above $1 trillion. On a daily closing, %58,000 seems to be a crucial level, or else we can possibly see BTC going to $50K and so.
Would be nice to see the daily close above $58,000, failure to do so could bring us back to the lower 50s.#bitcoin pic.twitter.com/C1AF1417cZ
— Lark Davis (@TheCryptoLark) November 18, 2021
Although the scenario as of now looks quite gloomy, one can consider buying the dips at these charts. Let’s take a look at some of the fundamental charts that suggest this.
Charts: Buy the Bitcoin Dips
As per on-chain data provider Glassnode, the illiquid supply for
We współpracy z: https://coingape.com/bitcoin-btc-price-slips-under-56000-these-charts-show-one-must-start-buying-the-dips/
