Why is the crypto market decrease? Here are the latest developments and critical levels!

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Why is the crypto market decrease? Here are the latest developments and critical levels!

The crypto money market is struggling with harsh fluctuations and uncertainties in recent days. While many crypto currencies, especially Bitcoin (BTC), are trying to hold on significant support levels, investors are curious about the reasons behind this decline. So, why does Bitcoin fall? What’s happening in Altcoins? As kriptokoin.com, we convey the details of the market and the next critical levels.

Great War in the Crypto Market: Bulls and bears collide!

The total value of the crypto currency market is currently at a level of $ 2.69 trillion and is difficult to overcome critical resistance of $ 2.75 trillion. The evaporation of $ 23 billion in the last 24 hours shows that the market has entered a consolidation process.

In particular, the giant $ 65 billion in Sunday forces investors to be cautious. If the market tests the support level of $ 2,63 trillion, a leap may come from here. However, if this support is broken, the decline may deepen and cause greater losses.

On the other hand, if the market breaks $ 2.75 trillion resistance, an increase may be experienced up to $ 2.93 trillion. This scenario can help the market recover by re -establishing investor confidence.

Bitcoin is under the critical threshold! Can he break $ 85,000?

Bitcoin is currently trading at $ 83,691 and is trying to hold on a significant support level of $ 82,761. However, unless the $ 85,000 level is exceeded, BTC cannot enter the rise trend.

  • If Bitcoin breaks a resistance of $ 85,000, an increase in the short term up to $ 87,041.
  • If it falls below $ 82,761, Bitcoin may decrease to $ 80,000, which may cause panic among investors.

For now, the general appearance on the market maintains the horizontal course, but Bitcoin may experience a major break in the coming days. If the 200 -day moving average level is exceeded, we can see that the bull market is returned for BTC.

Blood loss in subcoins: Move has reached critical level!

Bitcoin’s situation makes investors anxious, while the lower signals in the Altcoin market are increasing. Movement (Move), which lost 4.3 %in the last 24 hours, has become one of the most valuable subcoins.

Currently, Move is trading at $ 0.445 and is trying to remain above $ 0.420. If this support is broken, Move may decrease to $ 0.370 and may decrease to the lowest level of all time.

However, if Move exceeds $ 0.476, an upward movement can be triggered up to $ 0.527. This level can increase a new recovery process in the subcora by increasing investor confidence.

Big Breaking in the Crypto Market is at the door!

The crypto money market is currently traded at critical levels and investors expect Bitcoin to break the $ 85,000 resistance. However, if the BTC does not exceed this level, the market may face a new wave of sales.

On the other hand, subcoins such as Move are struggling at significant levels of support and preparing to experience a major break. If the market generally makes a positive movement, we can see hard recovery in subcoins.

The next few days will be very critical for the Bitcoin and Crypto Money Market. We are in a period where investors should follow the market closely and be careful!

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