Bitcoin Dips to $66k Against Analysts’ Predictions, Ethereum Risks Double-Digit Decline

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Bitcoin Dips to $66k Against Analysts’ Predictions, Ethereum Risks Double-Digit Decline
The cryptocurrency market has been gripped by a bearish frenzy, with major coins experiencing price drops. Bitcoin (BTC) has seen its price plummet from around $70,000 in the last 24 hours to $66,000, marking a decline of approximately $5.71%. Similarly, Ethereum (ETH), the second-largest cryptocurrency, has not been spared, dropping from $3,649 to around $3,300, a 9.51% decrease.
This sudden bearish momentum has prompted analysts to reassess their predictions and shed light on what might be next for these digital assets. Last week, analysts anticipated that Bitcoin would break above overhead resistance and reach new all-time highs. However, the recent turn of events has forced a reevaluation of these forecasts.
Santiment, an on-chain analytics platform, also commented about BTC’s drop to $66k, adding that many other altcoins followed the same price trajectory. Despite

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