Crypto Market at an very important point

٨ يوليو ٢٠٢٢

Since the beginning of November, the Crypto market is in a downtrend, with an average loss of around 70%.
However, since the Mid-June low, the market is looking like it's creating a bottom and at this moment is trading in a very important 950T resistance zone.
A drop from this point is probable, but for the market to maintain its up trajectory, bulls need to keep the 870 zone intact followed by a break of the up-mentioned resistance.
In such an instance, we can assist in the continuation to 1.15.
On the other hand, a new drop under 870 could lead to a new test of 760T low and even to a new low