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Btc and bch new support level holding strong

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Written by   43
6 months ago

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Uncertainty is well and truly back in the markets, with fresh COVID-19 restrictions being brought in across several countries. This led to a significant sell-off in the stock market at the start of the week, closely followed by drops for bitcoin and the other major cryptocurrencies. The crypto market has often correlated tightly with stocks during periods of uncertainty this year, and it doesn't look as if this has changed just yet.

It's not all doom and gloom, though. Over the past few weeks, the bitcoin price has established a new support level just above $10,000. This seems to be holding strong for the moment. The question now is whether that support will hold this week, or if we're heading down to $9,000? 

Elsewhere, ETH and bch is struggling the most out of the top three, crashing more than 8% over the past week. Will we see a recovery?

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Avatar for Echenox
Written by   43
6 months ago
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