Crypto Market Gains Marginally Even As Trading Volume Falls, Bitcoin Up, Ethereum Down

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, “Bitcoin, currently trading at $69,300 with a modest gain of less than 0.10%, is facing uncertainty in the market following a tweet from millionaire trader Zoran Kole (@Captain_Kole1). Kole mentioned “$44,444″ and apologized, hinting at a possible sharp drop in the price of Bitcoin. This prediction prompted traders to take a closer look at Bitcoin’s support and resistance levels. A key support level is at $68,700, indicating a potential bullish reversal if sustained. Resistance levels are at $69,600, $69,750 and $70,650, with the 50-day EMA at $69,600 being crucial to confirm the bullish trend. Given these conditions, traders are advised to sell below $69,700 and consider buying above $68,700 based on price movements.”

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