Deribit Analyst: Due to the support level at $55,500, it is expected that the BTC downtrend will slow down
BlockBeats reports that on September 2nd, Deribit analyst Anand Raj released a report stating that Bitcoin has broken through the $57,700 support level, forming a lower high point, indicating a downward trend. Due to the support level at $55,500, it is expected that the decline in Bitcoin price will be relatively slow.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Brent Oil: Geopolitics delay supply recovery – OCBC
AUD/USD Price Forecast: Rising 20-day EMA backs more upside
Fluidra buys back 302,500 shares in Aug. 24-28 repurchase program
PRECIOUS-Gold slips as traders await US jobs data, monitor Mideast tensions