Ivan on Tech recently sounded the alarm on Bitcoin’s current state, calling it a “Mayday moment.”
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Bitcoin initially broke past an important resistance level, giving hope to traders. But soon after, it dropped back below, creating uncertainty.
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Ivan stressed that the next two days will be crucial to see if Bitcoin can bounce back or if it will continue to struggle. Patience is key as the market waits for a clearer direction.
Coinbase also made headlines for all the wrong reasons. Their stock price saw a major drop after poor earnings. Ivan pointed out that Coinbase might be missing out by not embracing trends like meme trading and facing strong competition from decentralized platforms. In the fast-moving crypto world, adapting to new trends is essential.
Overall, the market feels uncertain. With Bitcoin facing resistance and altcoins moving slowly, upcoming global events like the U.S. elections could shake things up. Traders need to stay alert for any sudden changes.
