🟢 Analysts at ARK Invest have analyzed the situation in the cryptocurrency market and concluded that the key support levels for Bitcoin are currently $52,000 and $46,000. They also noted that the BTC price is no longer holding above the 200-day moving average, which could signal a potential price correction in either direction.
🔴 ARK Invest specialists believe that the decline in Bitcoin’s value is in line with historical norms, and the current macroeconomic conditions are generally favorable for the cryptocurrency market. However, they warn that a drop below these support levels could mark the beginning of a prolonged bearish trend.