The price, which pushed the $ 49,000 level after the Bitcoin ETF was approved, has continued its downward movement since then.
At this point, while BTC fell below $ 42,000, losses in the last 24 hours reached up to 2 percent.
Bitcoin is currently moving towards the important support level. It is thought that the decline may deepen further, especially if it falls below the red support level. At this stage, $ 41,500 levels remain important for Bitcoin.
When we look at altcoins, we see that they exhibit downward movements along with Bitcoin.
While there is currently a negative atmosphere in the market due to the “sell the news” effect after the Bitcoin ETF approval, the fear and greed index is at the “Greed” level with 63 points.
US stock markets are currently shaping up on the positive side, over 1%.