The news is being updated
Bitcoin price corrected to $34,800, then recovered to ~$35,400. In 24 hours, digital gold fell by ~4%, according to CoinGecko.
Binance exchange 15 minute BTC/USDT chart. Data: TradingView.
Ethereum price falls below $2000 level. At the time of writing, the asset is trading at $1990.
Total market capitalization is $1.4 trillion. Bitcoin dominance index – 49.2%.
MN Trading founder Michael van de Poppe wrote that a test of levels in the range of $34,800-$35,200 could provide “additional impetus to growth towards the highs.”
#Bitcoin seeking for support.
Scenario is still valid, in which a test around $34.8-35.2K could give further strength towards the highs.
These dips are usually entry points for altcoins. pic.twitter.com/H2XdlMxLnW
— Michael van de Poppe (@CryptoMichNL) November 14, 2023
In his opinion, such price dips are “entry points for altcoins.”
Earlier, JPMorgan analysts called the crypto market rally “excessive” and could end abruptly after the expected approval of a Bitcoin ETF.