MARKETS DAILY: Crypto Update | Key Bitcoin Support Levels to Watch as Volatility Rises
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 27 August 2024
⏱️ 17 minutes
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| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. For Bitcoin, the initial support that we're |
| 0:51.7 | watching is around 56,500, simply based on a previous |
| 0:56.2 | low. |
| 0:57.2 | And we feel that if that level is taken out decisively, and by decisively, we mean more than |
| 1:02.4 | a week or so below that level, you know, we'd feel like risk is heightened to about |
| 1:07.8 | $49,000 to $50,000. |
| 1:10.3 | And if that's an uncomfortable amount of risk for someone to take, |
| 1:13.4 | well, then they may consider reacting to that kind of breakdown. It's Tuesday, August 27th, |
| 1:19.0 | and this is Markets Daily hosted by me, Jen Sanasi. On this show, as you know, we navigate |
| 1:24.4 | the currents shaping the crypto markets, providing insights against the broader financial landscape. |
| 1:29.7 | So whether you're actively trading or simply fascinated by the volatility that is the crypto markets, |
| 1:34.8 | this show is your compass to understanding what's happened, where we are, and where we're going. |
| 1:39.1 | Good morning, everyone. |
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