For months, cryptocurrency investors have been eagerly awaiting the grand unlock for TIA Coin. The awaited big day has arrived. TIA Coin saw huge costs in short selling in futures. This was because everyone was sure of the fall. However, in the last few months, we have also seen investors thrown into the opposite corner by abnormal surprise rises.
TIA Coin Review
At the time of writing TIA Coin The day continues with a decline. Significant fluctuation in price is expected today due to the impact of the $892 million lock opening. This decline may be further supported by the BTC price falling to $ 72,000. Altcoin Sherpa shared his opinion on the current situation and wrote;
“I honestly have no idea what will happen to this chart. They can be unlocked at any time, but this is not an upward chart. “I could see arguments for hedges to close and some sort of bullish move, but there is too much uncertainty to try to play this out ahead of time.”
Bitcoin (BTC)
The largest cryptocurrency by market value BTC It is stalling at $72,100 and tested $71,500 during the US market open. Investors have been in the middle of the nightmare for more than 2 quarters and are tired of movements in the shallow range. BTC should now surpass the ATH level and move towards new real highs, opening up more playing field for altcoins.
If it declines from current levels as it did in more than 6 previous attempts, this will not bring good results for altcoins. Daan Crypto Trades wrote;
“Bitcoin
$72,507received most of the above liquidity we were targeting. The only level left is the all-time high. Remember, in a strong trend/price discovery environment, these liquidity charts are not that useful as many levels will be left behind.”
Carl, unlike many other analysts, thinks that the BTC price should fall to $ 70,000 before the jump and bounce from there.
altcoins It faces losses of 1-3 percent. The acceleration of the rise for the rest of the cryptocurrencies depends on BTC market dominance reaching its peak with the new ATH. Then, altcoin ATH trials can be mentioned.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
