23 May Bitcoin recovers after Crash, Litecoin, Monero and Tezos follow
Source: Wit Olszweski – Shutterstock
- After yesterday’s crash of Bitcoin from $9,700 to $8,800, Bitcoin was able to fight its way back to $9,300.
- Analysts expect a further correction to $8,000, but the current Bitcoin price chart shows bullish signs.
- The Altcoin market around Litecoin, Monero and Tezos follows the development of Bitcoin.
Bitcoin has fallen from $9,800 to $8,800 in the last few days after a strong rally after the halving. Within the last 24 hours, however, Bitcoin has been able to find new buyers, allowing the Bitcoin price to recover to $9,300. The market capitalization rose from $165 billion to almost $169 billion.
Bitcoin Trader Josh Rager describes that Bitcoin must rise above the $9,160 mark, otherwise another correction to $8,000 may be imminent. There is a strong support along the $8,500 mark, which Bitcoin could fall to if there is a further downward movement. Should Bitcoin continue to rise, the next strong resistance can be found at the $9,500 mark. Should…