After the FED kept interest rates fixed last night bitcoin crossing $26,000 FED head Jerome PowellAfter the hawk statements of BTC and altcoins, there was a sharp decline.
BTC Under $25,000, the largest altcoin Ethereum (ETH) It fell as low as $1,620.
On Twitter as investors wonder if these declines will continue. Trader Tardigrade Cryptocurrency analyst named Bitcoin may be experiencing the last drop before the rise.
Stating that Bitcoin may be retesting the double top support, the analyst said that this situation also happened in 2015.
Pointing out that BTC experienced a great rise after retesting the double-peak support in 2015, the analyst said that Bitcoin experienced a rise of more than 133% from $ 300 in November 2015 to about $ 700 in June 2016.
“I think it’s the last drop before bullish in bitcoin. BTC seems to be retesting double top support in this context and new ATHs may follow.”
#Bitcoin the final step before sky rocketing – Retest on a double top support.#BTC #Crypto pic.twitter.com/65xiKjSnwD
— Trader Tardigrade (@TATrader_Alan) June 14, 2023
*Not investment advice
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