16 days ago • Posted by Paul de La Baume
#Bitcoin plummets. Where are the support levels? $BTC $ETH #Crypto
Bitcoin is quickly approaching prices not seen since December 2020, as risky assets selloff in fear of rising rates and investors capitulating to the market pressure. The next major support level is USD20-21k. In order to get there, at USD24'800, Bitcoin would need to drop another 15%. Below it, USD11k would be significant support. Accelerating the selloff in crypto is a tweet by Celsius Network, a crypto lender that it is pausing all withdrawals, swaps, and transfers on its platform, and a competitor announcing a bid for its assets. Rumors have it the crypto staking and lending platform could be dealing with a major liquidity crisis and some users believe the team may have mismanaged the funds. It is believed to have over USD10 bn in assets.