Elena Nikulina

BTC hovers near key support at $76.3K, Sjuul Follings warns

BTC hovers near key support at $76.3K, Sjuul Follings warns
BTC approaches $76.3K support level

Sjuul Follings warns that BTC is approaching a critical point, with the cryptocurrency close to its first bearish market structure break since the start of a local uptrend several weeks ago.

Follings indicates that bulls need to quickly step in and protect the $76.3K price level to avoid potential downside volatility on the low time frame.

Follings has recently flagged activity in other digital asset markets as well. He suggested in late May that an Ethereum-based RWA token could be preparing for a major breakout. Earlier, he commented on the launch of a $500,000 crypto reward event through the partnership of LBank Exchange and Pudgy Penguins, which featured bonuses for new users and enhanced yield offerings, according to previous coverage.

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