Bitcoin Drops to the “Key Support,“ Path to $75k is Cleared On the Upside – Investing.com India

Bitcoin Drops to the “Key Support,“ Path to $75k is Cleared On the Upside – Investing.com India

After hitting nearly $65,000 this week, Bitcoin went back to $60,000 today.The good thing, for now, is that the digital asset didn't fall under $60k, which is the key support, and if we lose this, according to TraderSZ, “we probably heading a lot lower.”If we go up, the first level on the upside is $65k, followed by $69k and then soaring past $73k.As of writing, is trading around $60,500.As per OKEx Insights, “BTC futures data shows clear event-driven movements as retail traders chased the rally and sold the Coinbase IPO news.”While the bitcoin market is feeling a bit down, the Kimchi premium is strong, up 26% today, suggesting Koreans are busy buying bitcoin.While XRP continues to be the most traded crypto asset, at a 15.5% premium at $1.94, on all the South Korean exchanges. Bitcoin is trading at $70,880 on Upbit, $70,806 on Coinone, and $70,743 on Bithumb, as per Coinmarketcap.XRP -9.60%XRP / USD

$ 1.55

-$0.15

-9.60%Volume 17.99 b

Change -$0.15

Open $1.55

Circulating 45.4 b

Market Cap 70.45 b19 min

Bitcoin Drops to the “Key Support,” Path to $75k is Cleared On the Upside

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