If Bitcoin breaks through the support level in the 29K region and consolidates below it, a fall to the 16K region is possible.
Note
Bitcoin broke down consolidation and may decline to the 28K zone. When approaching the 28K zone, large purchases may occur, which will cause strong upward price movements.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.