Bitcoin, and SafeMoon – European Wrap 9 May [Video]

Bitcoin price is in a fragile state after a breakdown of a critical support barrier. Ethereum, Ripple and many altcoins have already crashed a lot and could continue doing so if BTC does not recover quickly. price held its support levels for the longest it could but finally the buyers capitulated, leading to a sudden crash in late April and early May. As a result, CRO has dropped to significant support levels and looks ready for more downswings.

CRO/USDT 1-day chart

A brief technical and on-chain analysis on SafeMoon price. Here, FXStreet’s analysts evaluate where SFM could be heading next.