Trader Issues Bitcoin Alert, Says BTC ‘Doesn't Look Great' After Double-Digit Percentage Fall From All-Time High
Monthly Chart Shows Weakness for BTC Altcoin Sherpa, a popular crypto strategist and trader, has raised concerns about Bitcoin's recent price action. According to the monthly chart, BTC has shown weakness after experiencing a 13% drop from its all-time high. This has led to discussions and debates among the crypto community, with many keeping a close eye on the market's movements. Key Support Levels for Bitcoin As BTC continues to trade around $94,000, many are wondering where the support levels lie. Altcoin Sherpa suggests that the key support levels to watch out for are $85,000 and $80,000. These levels could potentially act as strong buying zones for traders looking to enter the market. However, if BTC fails to hold these levels, it could lead to further downside movement. Impact of Rising Interest Rates One factor that could be contributing to BTC's weakness is the rising interest rates in the market. As traditional financial markets continu...