After a surprising rally that took investors by surprise, Bitcoin fell sharp just below $38,000 to $35,200 before regaining what it lost.
Investors and chart analysts predicted the fall would happen with some edging for $33,000 but the token recovered fairly quickly.
Up 6% over the past 24 hours on November 16, analysts are calling for $40,000 before the next drop which many say will be a correction back to low 30s before more continuation towards a new all-time high in the new year.
As Bitcoin climbed after its brief pause, altcoins also followed in its path with Solana leading the charge and providing assurance to the market.
Solana’s SOL token is up 16.2% over 24 hours at $66. Other alts such as Chainlink are up 5.4%, Avalahcne’s AVAX token, 20.7%, and Ethereum 4.2%.
Crypto gambling tokens are also performing well with WINR Protocol’s WINR token up 8% over 24 hours and Solcasino’s SCS token up 29%.
With the market in pre-bull conditions, more gains and corrections are due.
Alex is an editor at CryptoGamblingNews.com who focuses on cryptocurrency and web3 gambling.
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John Sommers is a distinguished figure in the world of gambling expertise, known for his deep knowledge and insightful analysis of the gaming industry. As a seasoned author, he has contributed extensively to the reputable gambling news site, TwinCasinos, focusing on providing valuable insights to English-speaking gamblers worldwide.
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Author: John Sommers
John Sommers is a distinguished figure in the world of gambling expertise, known for his deep knowledge and insightful analysis of the gaming industry. As a seasoned author, he has contributed extensively to the reputable gambling news site, TwinCasinos, focusing on providing valuable insights to English-speaking gamblers worldwide. With a career spanning over a decade, John has honed his expertise in various aspects of gambling, from strategic gameplay to industry trends and regulatory developments. His articles are revered for their blend of comprehensive research, astute observations, and a knack for demystifying complex concepts for both novice and seasoned players. Beyond his writing prowess, John has established himself as a trusted authority, often sought after for his expert commentary on the ever-evolving landscape of the casino and betting industry. His passion for responsible gambling and commitment to ensuring players make informed choices are evident in his work, making him a beacon of integrity in an industry that demands such values. Whether you’re a casual gambler or a dedicated enthusiast, John Sommers’ contributions to TwinCasinos promise to be an invaluable resource for navigating the dynamic world of gambling.
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