Bitcoin falls to $95,000 after breaking through key zone

Bitcoin and the entire crypto market underwent a correction, which 10x Research had previously identified. Researchers noted that the digital coin's price fell by 15%, while Ethereum lost 19% during the downward movement. The critical range for BTC was the $110,000–$112,000 zone, which analysts had identified as the key barrier for further declines. After breaking through this zone, the asset's price fell to $95,000.

A 10x Research publication noted that expert risk warnings emerged well before the decline. The researchers cited eight Bloomberg examples where their assessments were cited in the context of deteriorating market dynamics. The list covers dates from October 17 to November 14, reflecting the changing situation. These materials covered losses among retail buyers, pressure from large sellers, and the market's reaction to macro factors.

The text notes that the described correction completely matched the analytical group's forecasts. Their reports of declining interest in altcoins, rising sales volumes, and the growing influence of bearish signals were announced in advance. It is noted that these factors formed the basis for the current downward market movement. The breakout of the key range was the decisive moment that led to an accelerated decline. This fact is confirmed in the publication.

The publication also mentions six key charts used by traders. They are said to help evaluate current market signals and capture ongoing changes. The company's researchers noted the importance of monitoring them after a breakout of a key range. The experts noted that ignoring key metrics and signals was the cause of losses for many traders.

10x Research emphasizes the importance of monitoring changes after the drop to $95,000. Market dynamics have already led to significant losses among traders who didn't monitor these levels. Market movements aren't always linear.

Source: cryptonews.net