The price of BTC ($96,232.12) faced a rapid decline after testing the $99,000 mark on Friday. Just as things seemed to stabilize, the ByBit exchange encountered a historic hack worth $1.46 billion, drastically shifting market sentiments. What do the latest predictions indicate? What should traders expect now?
Ether managed to reclaim $2,800 but struggles to gain any further momentum. Weekend trading volumes have halved, dipping to around $60 billion. In a graph shared during the preparation of this article, Carl Moon noted:
“ETH ($2,807.46) can rise at any moment! If it surpasses $2,850, we can test both declining resistance and the psychological level of $3,000.”
Although the price is just below this resistance level, BTC has retreated to $96,150, causing traders to exercise caution. Altcoin investors have seen each rally lead to even greater traps over the months, making it unlikely for the barriers of fear to crumble easily.
