Bitcoin, Ethereum Look Set to Retrace Before Rebounding
Bitcoin and Ethereum are struggling to find support, while traders in the futures markets are showing signs of optimism. Such market behavior could result in a brief upswing before another retrace.
The top crypto suffered a significant downturn after reaching a high of $48,000 on Mar. 28. Its price dropped by nearly 13%, losing more than 6,000 points in market value.
Key Takeaways:
*Bitcoin has dropped by nearly 13% since Mar. 28.
*Likewise, Ethereum has incurred more than 12% in losses.
*Both tokens are now approaching key support areas that may contain the bleeding
Read more:
https://cryptobriefing.com/bitcoin-ethereum-look-set-retrace-before-rebounding/?utm_source=main_feed&utm_medium=rss
Article by: Financial Insane
Source: Crypto briefing
btc #eth #unpredictablemarket
Bitcoin, Ethereum Look Set to Retrace Before Rebounding Bitcoin and Ethereum are struggling to find support, while traders in the futures markets are showing signs of optimism. Such market behavior could result in a brief upswing before another retrace. The top crypto suffered a significant downturn after reaching a high of $48,000 on Mar. 28. Its price dropped by nearly 13%, losing more than 6,000 points in market value. Key Takeaways: *Bitcoin has dropped by nearly 13% since Mar. 28. *Likewise, Ethereum has incurred more than 12% in losses. *Both tokens are now approaching key support areas that may contain the bleeding Read more: https://cryptobriefing.com/bitcoin-ethereum-look-set-retrace-before-rebounding/?utm_source=main_feed&utm_medium=rss Article by: Financial Insane Source: Crypto briefing btc #eth #unpredictablemarket
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