#Join Honor Credits Draw & Win Macbook, Exclusive Merch Bitcoin dropped more than 6% yesterday after Wall Street opened on August 2nd, hitting a low of $60,536 before slightly recovering to $61.786.



Bitcoin Plunges Crypto Market Immersed In Red
Bitcoin dropped more than 6% yesterday after Wall Street opened on August 2nd, hitting a low of $60,536 before slightly recovering to $61.786.

BTCUSDT 2024 08 03 14 40 54
The sharp decline caused Bitcoin to lose significant support levels: the 50-day exponential moving average (EMA) at $64,300 and the 100-day EMA at $63,670. Breaking through the support levels around the $63,000-$64,000 range is considered very risky for Bitcoin and the market in the near future.

According to trader community on X, most believe that Bitcoin may undergo a deeper correction and could potentially return to the recent low around the $53,000-$55,000 range
BTC0.63%
NEAR-0.26%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
Exz00vip
· 2024-08-03 16:18
if you or X thinks that #BTC# can fall to 53k or even 55k, with this simple market manipulation, that means that you're simply delusional.
Reply0
Keleb3kvip
· 2024-08-03 09:41
BTC Halving ile Moon'a 🚀
Reply0
Domdomkursunvip
· 2024-08-03 09:40
thanks for the information good luck
Reply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)