On January 5, Bitcoin lost two major supports of 46 and 44 thousand. With the loss of these two supports, Bitcoin faced a sharp downward movement that lowered the price to the level of $ 42,500. We also saw a drop in prices to $ 41,000 today Bitcoin is now stabilizing at a key support level (green box), Maintaining this range is vital for Bitcoin, and if this level is lost, we may see a price drop of up to $ 30,000 (which is the next important support). But I personally believe that Bitcoin will succeed in maintaining this level, and after a few days of stabilization in this range, we will see price growth (according to the yellow arrow). BTCUSDT
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.