Bitcoin has pulled back below $95000, correcting after briefly breaking above $98000 last Friday.
Bitcoin Corrects Sharply, Returning to Key Former Support Zone
Crypto market capitalisation has returned below $3 trillion to $2.95 trillion, losing around 0.8% in the last 24 hours and down 1% in seven days. The selling looks like short-term profit taking after the rally of the past two weeks. Market sentiment is neutral with a slight positive bias, with the fear and greed index at 52.
Bitcoin has pulled back below $95000, correcting after briefly breaking above $98000 last Friday. The price has returned to the area of former strong support that worked from December to February. Expectedly, it is now equally strong resistance. Technical correction targets look like the $92500 and $89000 levels. However, a drop below $90,000 could shake investor confidence, pushing the price beneath both the psychologically important round number and the 200-day moving average.
#MarketPullback #SaylorBTCPurchase #bitcoin
