If Bitcoin Loses This Level, Our Eid-al-Adha Could Be Poison! 🤪

After June 15, the leading cryptocurrency Bitcoin (BTC) managed to experience volatile rises.
Showing upward moves, BTC attracted the attention of many crypto money investors, increasing the FOMO in the crypto market.🤑
Although there were huge rises in Bitcoin, the expected rally in altcoins could not be experienced due to increases in BTC dominance. 🙃
As of now, it seems that Bitcoin is accumulating in the range of $ 29,800 - $ 31,500.
BTC, which was at $ 30,400 at the time of writing, did not start the new week very well.
What Will Bitcoin (BTC) Do on Eid-al-Adha?
As of now, the recent outlook in Bitcoin seems to be slowly turning negative.
The decrease in transaction volumes and buyer pressure on the market will cause BTC to decline to $ 29,800 support in the future.
Although the decline of Bitcoin to $ 29,800 will not start a new bear trend, a breakdown of this level may cause BTC to fall to $ 28 thousand in an instant.
While Bitcoin is above 50 percent of the dominance table, such a decrease in BTC can bring more than 20 percent decreases in altcoins.
Eid-al-Adha will be celebrated in our country in the coming days. It should not be forgotten that Jerome Powell, the chairman of the US Federal Reserve (FED), will make two speeches during the Eid al-Adha.
Happy Eid-al-Adha to everyone 🥳
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