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If $BTC continues to fall, it may approach a major support level. If it holds above that support, it may bounce back. If the support level is broken, $BTC could experience a further decline, potentially heading toward the next level of support. Cryptocurrency markets are highly influenced by news and sentiment. If there is negative news (regulation concerns, a macroeconomic downturn, or tech issues), $BTC could experience more downward pressure. If market sentiment turns negative (e.g., due to regulation news, government actions, or economic events), $BTC could continue to dip. Conversely, positive developments or favorable market conditions might help reverse the downtrend. The macroeconomic environment can determine whether $BTC rebounds or falls further. In times of financial uncertainty or crisis (e.g., inflationary pressures, financial tightening), $BTC might behave as a safe haven, attracting buyers. However, if the global market is bearish or risk-off, $BTC may continue to struggle. In short, the next steps for $BTC depend largely on the factors influencing the market at the time. If it’s a market correction, $BTC could eventually recover; however, if there is broader negative news or macroeconomic concerns, the downtrend could persist. Patience, risk management, and keeping an eye on key technical levels are essential when navigating $BTC’s volatility.

Major Ethereum Whale Dumps 10,000 ETH After 2 Years, Is It Time To Get Out? An Ethereum whale has dumped its ETH holdings after holding them for over two years, even through a bull market. This capitulation from the ETH whale suggests it might be a good time to offload the leading altcoin, with a further crash in the coming weeks a possibility.  Ethereum Whale Dumps 10,000 ETH After 900 Days In an X post, on-chain analytics platform Lookonchain revealed that an Ethereum whale finally capitulated after holding for over 900 days, selling all their 10,000 ETH for $15.71 million. This whale had originally bought 10,000 ETH for $12.95 million at an average price of $1,295 on October 4 and November 14, 2022.  Related Reading: Ethereum Pain Is Far From Over: Why A Massive Drop To $1,400 Could Rock The Underperformer The Ethereum whale didn’t sell any of their ETH holdings, even when the leading altcoin . $ETH

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$ETH just posted a massive intraday recovery, jumping +7.62% to $1,573.99 after bottoming out at $1,385.38. Strong volume confirms the breakout, and price is now trading above all major moving averages (MA5, MA10, MA20). The bullish candle signals a possible continuation if $1,593.33 gets cleared. Momentum has flipped—bulls are back in control.

If $BTC continues to fall, it may approach a major support level. If it holds above that support, it may bounce back. If the support level is broken, $BTC could experience a further decline, potentially heading toward the next level of support. Cryptocurrency markets are highly influenced by news and sentiment. If there is negative news (regulation concerns, a macroeconomic downturn, or tech issues), $BTC could experience more downward pressure. If market sentiment turns negative (e.g., due to regulation news, government actions, or economic events), $BTC could continue to dip. Conversely, positive developments or favorable market conditions might help reverse the downtrend. The macroeconomic environment can determine whether $BTC rebounds or falls further. In times of financial uncertainty or crisis (e.g., inflationary pressures, financial tightening), $BTC might behave as a safe haven, attracting buyers. However, if the global market is bearish or risk-off, $BTC may continue to struggle. In short, the next steps for $BTC depend largely on the factors influencing the market at the time. If it’s a market correction, $BTC could eventually recover; however, if there is broader negative news or macroeconomic concerns, the downtrend could persist. Patience, risk management, and keeping an eye on key technical levels are essential when navigating $BTC’s volatility.