Bitcoin and Altcoins Correct Sharply, Crucial Supports Nearby

After struggling to gain bullish momentum above USD 40,000, there was a downside correction. BTC declined heavily and traded below the USD 38,000 and USD 36,500 support levels.

It traded towards the USD 32,500 support and it is currently (05:00 UTC) recovering towards USD 36,500.

 

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