Risky assets have performed well in the first quarter of 2024, with the S&P 500 Index and Bitcoin recording significant gains. However, traders should be cautious as corrections are expected in the short term. Analysis of support levels in Bitcoin and altcoins is provided.
Risky assets have been on a roll in the first quarter of 2024. The S&P 500 Index (SPX) rose 10.2% to record its best first-quarter performance since 2019, while Bitcoin (BTC) surged 103.1% during the same period. Traders need to be careful after the strong Q1 performance because nothing goes up in a straight line. Bull markets are known for their sharp corrections, which shake out the late entrants. However, the dips offer a low-risk buying opportunity to the long-term investors.
What are the important support levels to watch out for in Bitcoin and altcoins? Let’s analyze the charts to find out
Risky Assets Q1 2024 S&P 500 Index Bitcoin Performance Support Levels Analysis
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