$BTC tapped the $76,500 zone.
The key support level is $74K-$75K for Bitcoin, and it could be retested.
But looking at how BTC has been holding, the downside looks very limited now.
๐ฉธ MASSIVE:
Crypto whales are dumping millions of dollars worth of assets as fears of a potential US-Iran war continue to rise.
$BTC has fallen below $82,000, while $ETH is trading around $2,400.
Something BIG could be brewingโฆ โ ๏ธ
Altcoin MCap has lost its 50D SMA support level.
It's already down 15% from the local top, and I think there's one last flush left.
I want to see a drop towards September's bottom along with a full RSI reset.
This will make the base for the next leg up in alts.
From a long-term perspective, Bitcoin's growth trajectory still looks positive.
While there may be short term volatility, it is important to consider both market cycles and fundamentals