The crypto market plunged today as global risk sentiment weakened after renewed trade tensions between the United States and 0 fell 8.1% over the last 24 hours, with traders reacting to political 1 pointed out that macroeconomic shocks remain a central factor in controlling the behavior of the market in the short term and determining the overall BTC price narrative going into the end of the year. Dogecoin’s price has also slipped as traders decreased their holdings of risk assets following the global 2 noted that the most recent market pullout shows growing caution and renewed volatility in all digital 3 the turmoil in the market, some altcoins are displaying surprising 4 them is MAGACOIN FINANCE , a community-driven project that is gaining rapid traction in view of its upcoming exchange 5 and analysts are already referring to it as a hidden 50X altcoin, pointing to a strong whale support and early adoption helping it defy the general 6 Price Action — Sellers Target the $100K Retest Bitcoin price now trades close to $111,871, down from the $125K resistance that was tested earlier this 7 charts indicate that BTC broke out of an ascending channel that supported the uptrend across 8 Parabolic SAR has flipped above price candles, indicating that short-term control has been transferred to sellers.
Meanwhile, the RSI near 43 indicates a lack of conviction from buyers and more room for downside.
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