All the uncertainty over whether $BTC would hold above $41,000 now appears to have been cleared up. $BTC dropped this level on Monday and is now heading lower. How far down is the price likely to go?
Bitcoin drops critical support
Source: Trading View
The feared bitcoin correction appears to be in the making. $BTC has currently just dipped below $39,000, with the next level of support at around $38,000. A bounce could be likely at any time, but the up trend is now broken, and so any bounce is probably going to be short lived.
Which major support level?
Source: Trading View
Looking at levels of support further down, it can be seen that there are two major support levels, first at $34,000, and then at $30,000.
The issue with going all the way down to $30,000, which is the base for phase two of bitcoin’s bull trend, is that most of the market will be waiting to buy at this level, and the chances are that many traders may not get their buy orders filled. Sensible investors wishing to m
We współpracy z: https://cryptodaily.co.uk/2024/01/bitcoin-loses-critical-level-correction-is-taking-place
