- Santiment reported that there has been a shift away from price discussions to Israel-Palestine war.
- Nasdaq reported that crypto traders lost more than $100 million from liquidations.
- BTC holds ontt crucial support amidst adverse geo political conditions.
Social Metrics Platform, Santiment tweeted that since October 6, there has been a shift away from price discussion to the Israel and Palestine war. Although the war, yet, has had no significant impact on the prices of crypto, however, an escalation could create price sensitivity in the future.
The above chart shows that BTC is rising after rebounding off of the support level at $25.6K. More importantly, it is holding above Michael’s support level. During this uptrend that started since BTC reached the $25.6K, the prices have been in the upper half of the Bollinger bands.
Currently, as there seems to be some bearish momentum building in the market, there is a possibility that BTC could test the $25.6K before reaching the $31K level.
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