Crypto News Xrp
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$BTC broke down quickly and is now trading at the minimum of the $106K range, which is quite important in the short term.
If we do not see a bounce and regain the range, I will assume that we are making a larger local top and will head towards the low 100s next.
If the bulls can step in and reclaim the range, then this could be what we needed to get back on track. But for that, I believe that stocks also need to hold up. Today we have seen quite a bearish momentum, and I doubt BTC can rise on its own if stocks eventually cool off after the recent massive surge.
Stock prices have risen significantly in the last few days.
If we do not see a bounce and regain the range, I will assume that we are making a larger local top and will head towards the low 100s next.
If the bulls can step in and reclaim the range, then this could be what we needed to get back on track. But for that, I believe that stocks also need to hold up. Today we have seen quite a bearish momentum, and I doubt BTC can rise on its own if stocks eventually cool off after the recent massive surge.
Stock prices have risen significantly in the last few days.
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