Bitcoin has seen a pullback below the $121,000 mark in the past day. Here’s where the next support level could lie, according to on-chain data.
Bitcoin Has Witnessed A Fast Plunge During The Last 24 Hours
Bitcoin looked to be entering into an extended all-time high (ATH) exploration mode as it set multiple new records over the weekend and Monday, but the market has been delivered a Tuesday shock as the cryptocurrency has seen a quick crash back below $121,000.
Compared to the new ATH around $126,200, Bitcoin is now down more than 4%. The altcoins have also taken a hit during the past day, with many top coins even printing returns worse than the number one digital asset. 24-hour losses stand at 5% for Ethereum and 6% for XRP. BNB is the only cryptocurrency among the large caps that has managed a positive return of 5%.
With Bitcoin now sliding down, one question naturally arises: how much lower can the asset go? While markets are unpredictable, there can still be some fac
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