đź“° News Alert...
đź”– Title: Bitcoin Faces Major Drawdown: What Lies Ahead for the Leading Cryptocurrency?
🗓️ Published: 2025-04-08T01:31:43+03:00
📄 Summary: Bitcoin's significant drop of 26.62% from its all-time high of $109,500 may soon mark the deepest drawdown in the ongoing bull market, according to CryptoQuant's Julio Moreno. Although past cycles saw more severe declines—like the 83% drop in 2018—current conditions suggest difficulty for Bitcoin to recover rapidly. With the Nasdaq 100 flat year-on-year, experts caution that Bitcoin's path may be fraught with challenges ahead. Additionally, companies like Michael Saylor's Strategy have paused their BTC purchases, signaling cautious sentiment in the market. Analysts are monitoring key support levels, including $70,000, to determine the potential for future recovery.
đź”—
https://cointelegraph.com/news/bitcoin-on-verge-of-largest-price-drawdown-of-the-bull-market-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
🗞️ Source: Cointelegraph by Biraajmaan Tamuly
đź’“ #Bitcoin #CryptoMarket #InvestmentTrends
tzongocu
npub10u…mz5qy
2025-04-07 22:31:48
Author Public Key
npub10u8xfdfw7447c26c34rql333yh6k0kevq9x3an8gqmvdtdpqnchqpmz5qySeen on
wss://relay.chakany.systemswss://relay.primal.netwss://relay.primal.net/primal.netwss://relay.damus.ioPublished at
2025-04-07 22:31:48Event JSON
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"content": "📰 News Alert...\n\n🔖 Title: Bitcoin Faces Major Drawdown: What Lies Ahead for the Leading Cryptocurrency? \n🗓️ Published: 2025-04-08T01:31:43+03:00 \n📄 Summary: Bitcoin's significant drop of 26.62% from its all-time high of $109,500 may soon mark the deepest drawdown in the ongoing bull market, according to CryptoQuant's Julio Moreno. Although past cycles saw more severe declines—like the 83% drop in 2018—current conditions suggest difficulty for Bitcoin to recover rapidly. With the Nasdaq 100 flat year-on-year, experts caution that Bitcoin's path may be fraught with challenges ahead. Additionally, companies like Michael Saylor's Strategy have paused their BTC purchases, signaling cautious sentiment in the market. Analysts are monitoring key support levels, including $70,000, to determine the potential for future recovery. \n🔗 \nhttps://cointelegraph.com/news/bitcoin-on-verge-of-largest-price-drawdown-of-the-bull-market-analyst?utm_source=rss_feed\u0026utm_medium=rss\u0026utm_campaign=rss_partner_inbound \n\n🗞️ Source: Cointelegraph by Biraajmaan Tamuly \n💓 #Bitcoin #CryptoMarket #InvestmentTrends",
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