Cryptocurrencies were hit hard last week, but markets are recovering this week. BTC has just surpassed the $90 thousand threshold. However, the story of short-term investors seizing the selling opportunity and sending BTC to the bottom again needs to end. So what’s going on with cryptocurrencies?
Bitcoin Breaking News
few minutes ago BTC It has surpassed $90,000 and is just below that threshold at the time of writing. While the US markets were rising due to the Thanksgiving holiday, cryptocurrencies also joined this bandwagon. US markets will be closed until Monday and cryptocurrencies If the holiday period is spent with this positive sentiment, serious rally opportunities may arise in altcoins. Sentiment matters, at least in the short term. US markets will remain open for half a day on Friday, but sentiment is positive, with historical data confirming that stocks performed well between Thanksgiving and Christmas.
After breaking $91,400 in cryptocurrencies This was the region that caused the decline to accelerate. Taking this back will pave the way for the 94-97 thousand dollar range. There is obvious concentration in the $100,000 region in options, and the price has the potential to reach six-digit levels by Friday.
However, I need to remind you that short-term investors turn every rise into a selling opportunity, and those who expect deeper bottoms foresee a fake top around $104,000. It is important to determine stop levels well, especially since increased volatility will have a heavy toll on futures transactions.
