Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Let's talk about crypto market. Bitcoin has recently broken its 20-day moving average and is currently going through a price correction. This correction is a natural part of the market cycle and presents potential opportunities for entry. Currently, Bitcoin’s price is around $97,000. As we discussed earlier, a correction was expected, and it’s playing out now. The first key level to watch is between $89,000 and $91,000, and if that doesn’t hold, the next level could be between $80000 and $86000. The current correction is around 15%, and if Bitcoin tests the first level, it could be a 15% correction, or around 20-22% if it goes lower. Such corrections are typical in a bull market, and we've seen similar moves in past cycles.
Altcoins haven't fully entered their season yet, but Bitcoin’s correction could affect them. We may see a test of the $1 trillion market cap before the next rally. Remember, these are just my observations. Always trade carefully and plan your entries and exits. It's important to know your risk and where you can accept losses. After it's your money. I just want to suggest that don't do leverage trading till new year and buy only on spot. Most of coins are on good discount and these prices are gift for long term buying. That's it for today. Thanks & have a good day!!