BTC Narrative to Unfold in Next Few Days; Google Forms Web3 Team
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Chart of the Day
The broader crypto market has had a very rough weekend indeed. On Sunday, BTC plummeted below the $35K level for the first time since January of this year after a broader sell-off occurred within the U.S. stock markets. As of the time of writing, the largest cryptocurrency by market cap has continued its downwards slide, and is now trading below the $33.5K level after posting a 2.4% loss in the last 24 hours. A key bearish trendline has formed on the BTC hourly chart, with the upper bound sitting near the $34.2K level. The next major support level for BTC sits in the $32.5K zone, and its price may plunge further if said level buckles under the immense selling pressure and increasingly bearish sentiments.