Bitcoin (BTC) seemed to start the weekend cheerfully, but during the Friday afternoon drinks the atmosphere suddenly changed. The price turned sharply downwards, causing disappointment to dominate on this Saturday. While Wall Street simply had a good day.
False breakout for BTC
After many failed attempts, yesterday we finally managed to break the $92,000 sales wall. Just before 3 p.m. it thundered through and not much later the $93,000 was reached.
But we couldn’t stay here. The gains were wiped out in a short time. Bitcoin even plunged into the red with a drop of 2.7 percent in just two hours. The price reached a low of $90,300 and is now trading a few hundred dollars higher.
Now that the weekend has started, calm has returned to the graphs. The stock markets are of course closed and there is often less trading in Bitcoin and other crypto coins. This also ensures a less volatile price.
Wednesday was Bitcoin’s best day in more than six weeks and the price has been trading above $90,000 ever since. At the same time, $91,500 is a major stumbling block. Although the price has been above this for quite a while, it is not possible to end a day above this.
The American stock market ended the day in the green yesterday. The S&P500 even managed to end the month of November, which started disastrously, in the green. The major index has its record up for grabs again.
At the time of writing, the Bitcoin price is at $90,671, 1.05 percent lower than 24 hours ago. In euros, 78,226 are now paid for the largest cryptocurrency.
XRP & Solana take a nosedive
Other well-known cryptos are also all close to narrow losses. Ethereum (ETH) is down 1.71 percent, Ripple (XRP) is down 2.51 percent and Solana (SOL) is down 3.10 percent. Cardano dangles at the bottom of the top 10 with a minus of 4.36 percent.
There are still some smaller coins that are having a good day. MemeCore (M) stands head and shoulders above the market with a gain of 17.89 percent.
Source: https://newsbit.nl/crypto-wekker-bitcoin-koers-wordt-genadeloos-afgewezen/
