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Reading: How did strategists interpret the last Bitcoin drop?
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > How did strategists interpret the last Bitcoin drop?
Bitcoin and BTC

How did strategists interpret the last Bitcoin drop?

vitalclick
Last updated: May 5, 2025 5:58 pm
2 days ago
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King crypto currency The unit declined to $ 93,500 in the last 24 hours and the Altcoins continue the day red. We have drew attention to the possible support points for the Altcoins by mentioning that sales could continue in our assessment yesterday. Many of them retreated to support points. So what are the analysts’ comments on the last decline?

Bitcoin (BTC) decreaseAltcoins and XRP Coin

Bitcoin (BTC) decrease

Fed The decline due to the week was triggered by weakening volumes. Trump aims to sign the first tariff agreement this week, but this was not enough for the rise. Since the Fed is relieved after the latest data, we may not see an interest rate reduction even in June. Investors are anxious in the midst of concerns that they can be given messages on Wednesday.

Phoenix sharing the graph above Bitcoin $94,235.30He wrote the following about the last movement of;

“We went downstairs than I thought. Now it is important not to lose the bottom levels of 93 and roll it again, but this is not something I think will happen. We will see what happened this week.”

Poppe maintained his optimism in his latest assessment and said similar things. Altcoin Sherpa said it makes sense to continue to decline up to $ 92,000. In other words, BTC declined about two thousand dollars from its current level and makes a deeper local bottom.

“To be honest, 92 thousand very logical, it would not be surprising to see that we touch this area in the short term. The previous CME gap (there is a new one above) is important.

Altcoins and XRP Coin

BTC price The gains in the Altcoins could not exceed the $ 98 thousand resistance. In addition, investors have been accustomed to acting more cautiously due to the fake rises they have experienced for months. Nowadays, the decreases of BTC price may cause greater losses in subcoins.

Kyle said that XRP Coin was an opportunity. The name that draws attention to whale accumulation believes that the big move may be approaching.

“Currently $ 10,000+ at more than 300,000 addressesXRP It is – a sharp jump that shouts the increasing confidence of whales and big investors. The strategic accumulation seems to be back… Do big players pioneer a big move at the XRP ecosystem? ”

Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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