- Bearish sentiment retained its dominance in Bitcoin’s market
- King coin might fall to $64k before another rally
比特币[BTC] 记录 a major price correction over the last 24 hours, a correction which can be attributed to traditional markets tanking and geopolitical uncertainty. The timing here is important, especially since BTC is awaiting its next halving in under a week.
However, investors should not lose hope as there are chances the cryptocurrency will recover on the charts soon.
Bitcoin’s chart turns red
根据 CoinMarketCap, Bitcoin’s price fell by more than 5% in the last 24 hours. At the time of writing, it was trading at $67,241.90 with a market capitalization of over $1.32 trillion.
The price decline made BTC a topic of discussion in the crypto-space, with the same evidenced by the hike in its social volume. However, its weighted sentiment graph entered the negative zone, meaning that bearish sentiment retained its dominance in the market.
