Bonk Traders Await Bitcoin’s Next Move According

Bonk Traders Await Bitcoin’s Next Move

According to Digi, a well-known crypto analyst who speaks for MONEY/ARC, BONK has come to a critical point. The cryptocurrency has tested a major resistance at $0.00003, and the market just wants to see where it goes next, either a strong breakout or another pullback. Digi remarks that it’s nothing new to the coin, noting, “Many tokens are in similar positions right now. All depends on Bitcoin.”

Bitcoin’s movement has long dictated the general sentiment and direction acrossaltcoins. If Bitcoin rebounds or strengthens, tokens like BONK could profit from that. If there’s even a bear movement from the flagship crypto, though, it could cause a further downtrend by the coin and other comparable assets.