Analysis: Bitcoin has technical support near $101,000, but geopolitical news will drive price action in the short term
This article is machine translated
Show original
Planet Daily News: Today, Bitcoin dropped by approximately 3%, falling below $103,000, while smaller cryptocurrencies experienced even more significant declines. ETH dropped by about 6.9%. "Cryptocurrencies reacted negatively to the news of Israel's attack on Iran, consistent with major risk assets," said Caroline Molen, co-founder of Orbit Markets, a crypto derivatives liquidity provider. "We expect to see technical support around $101,000, but geopolitical news will drive price movements in the short term."
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content