US markets are closed today and we will see important employment data released tomorrow. Therefore, volatility is expected to remain strong over the next 24 hours. Biden administration amid fire that caused more than $50 billion loss Silkroad worth more than $6 billion BTCHe is getting ready to sell his . So has BTC bottomed out? FLOKI How many dollars will it be?
Has Bitcoin Reached the Bottom?
silkroad Their BTC has not yet been sold, and the Biden administration is now looking for ways to damage crypto in its remaining 11 days as it reaches the end of the road. Selling the giant Silkroad BTCs, worth over $6 billion, is a good option, and the court approved it, even though Trump said they would not be sold.
Although Coinbase Prime will be used for sales expected to be made via OTC, its return to spot markets due to the weakening of demand in the ETF channel increases concerns. StockmoneyL shared the chart below regarding the current situation and wrote:
“After 3 red days and a correction from 102k to 92k, the medium and long-term outlook remains bullish.
However, the super trend turns red here (see image description for details). The local bottom here depends on several factors and support levels. The outlook we shared yesterday (consolidation range between 94 – 96 thousand before trying to break 102 thousand again) is still valid for now. BTC is above important support levels. But if we touch 87/88k here, I wouldn’t worry.”
The spot premium for BTC gives one of the best bullish signals from its level of 70 thousand dollars. It may be possible for the panic to decrease with new attempts at $ 98,000 and positive data tomorrow.
FLOKI Coin Review
Jelle in today’s altcoin review FLOKI CoinHe examined . The analyst, who sees a bullish divergence on the daily chart after the retest of key support, is aiming for more gains. BNB While turning the highest levels of 2021 into support, Jelle argued that the most exciting period of the year is about to begin for FLOKI Coin.
If he is right, FLOKI Coin price is expected to reach a new peak at $0.00031. Although BTC has returned to $94,000 for now, investors remain uneasy as it continues to fall after doing this many times.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
