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Author: Admin | 2025-04-28
Daily newsletter for the crypto-curiousForbes‘Huge Things Coming’—Bitcoin Suddenly Explodes As Secret ‘Nation-State’ Adoption Mystery Rumors Fuel A Crypto Price BoomBy Billy BambroughThe bitcoin price has crashed back from the closely-watched $100,000 level, wiping $200 billion from ... [+] the combined crypto market.Forbes Digital AssetsHowever, other bitcoin price and crypto market watchers are also warning bitcoin could fall a lot lower before it recovers."Bitcoin fell below $93,000 on Tuesday morning, deepening its corrective pullback and falling for the fourth consecutive day," FxPro chief market analyst Alex Kuptsikevich said in emailed comments."On Monday, there was a renewed attempt to take the price above $99,000, which turned into more selling. This is due to the geopolitical pullback, which has turned into a broader profit-taking scenario, looking at the entire rally since November 4. This means that traders should pay more attention to bitcoin's momentum around $91,8000 (76.4% of the rally). Without proper support in this area, the bears' next target could be the $87,000 area (61.8%)."
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