Crypto Prices: Ouchie

Well, crypto was already laying near recent lows while the stock market and metals continued to push new highs. Not fun for the crypto folks but the question is...

When will the rotation into crypto happen?

The answer certainly wasn't this weekend as we saw another hard selloff with prices across the board dropping below recent lows.

We shall look at the bitcoin chart as an example:

https://img.leopedia.io/DQmZYV9ndCK165FN29VX8YC6wzSvqNSkyVYJhP4TWXxN2ya/image.png

We can see on the daily bitcoin chart price cracked the recent low and is now testing the April 2025 lows. So basically the whole 2025 up move is now retraced and the question is if we we hold that low or see further price declines?

I'm hoping not as a breakdown from there would mean price likely seeing the mid 60s or less.

Posted Using INLEO