Bitcoin drops to $55,000, potential support levels at $52,000, $47,000, $42,000-$40,000

From Investing.com: 2024-07-06 00:00:18

Bitcoin has dropped to around $55,000, leading to massive liquidations. Key support levels to watch are $52,000-$50,000, $47,000, and $42,000-$40,000 to determine potential reversal points.

Toncoin (TON) suffered a 20% drop to $6.6 due to market bearishness and Bitcoin’s decline. Technical indicators show signs of further decline despite possible support levels.

Solana bucks the trend by gaining 8% during market declines, showing resilience and potential bullish momentum. The token is targeting the 100 EMA after breaking above the 50 EMA, with rising RSI signaling more buying pressure.

Read more at Investing.com: 3 New Bitcoin (BTC) Support Levels to Watch, Toncoin (TON) Saw Biggest Price Drop Ever, Solana (SOL) on Strong 8% Rise as Ethereum Plummets By U.Today