Bitcoin Faces Major Resistance as Crypto Market Plummets
The crypto market is in turmoil with liquidation numbers surpassing $1 billion, as Bitcoin prices tumble to just under $95,000. Notable altcoins such as Ethereum, SOL, and DOGE are also facing severe selling pressure, correcting between 8 and 13%. This drastic decline follows a tumultuous trading period as investors reevaluate their positions amidst growing uncertainties. With key support levels being tested, traders and investors are anxious about the future trajectory of the leading cryptocurrencies. As market sentiments shift, the focus will be on potential recovery points and whether the buying pressure can stabilize the market.
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