The trade price of the majority of flagship crypto assets plummeted badly because of multiple factors and crypto analysts believe it will inject a very high level of panic among the crypto investors.
The current trade price of Bitcoin (BTC) is $60,967. Multiple factors increased sell pressure in the Bitcoin & other crypto asset markets.
#Bitcoin plummeted below $61k level: Opportunity to accumulate BTC pic.twitter.com/CTlCYCKHkA
— Bitcoinik (@Bitcoinikdotcom) June 24, 2024
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Michael Saylor, a popular Bitcoin advocate & chairman of the Bitcoin bullish firm Microstrategy, indirectly suggested people take this moment as an opportunity to accumulate Bitcoin.
In the same period, the trade price of Solana (Sol) Cryptocurrency crashed by more than 7%+. The current trade price of Sol coin is $128 & this price is 3.7% down over the last 24 hours.
Today the lowest price Sol coin was $123, because of the bearish sentiments in the crypto market.
The token’s trading price declined by 23% over the past month due to the absence of bullish factors in the current market environment.
Analyst Warns Critical Level Coming
In response to this big downfall in the trade price of the majority of the crypto assets, a popular crypto analyst TitanOfCrypto shared his opinion and said that it is going to bring a very bearish situation for the whole market.
On behalf of the Bitcoin trade price level, analysts said that we are heading toward a very critical level & this situation will impose a very big negative pressure on the investors & majority of the people will sell in panic.
Analysts suggested, that people to not get into huge panic & their keep patience for a better reverse bull to come back.
Read also: Bitcoin dips below $61k, following Mt.Gox repayment announcement: Bull run over?
https://bitcoinik.com/popular-analyst-says-the-latest-crash-in-the-crypto-market-approaching-the-critical-level-solana-sol-crashes-10/feed/
https://bitcoinik.com/popular-analyst-says-the-latest-crash-in-the-crypto-market-approaching-the-critical-level-solana-sol-crashes-10/feed/
