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[AudraMiller]

In cryptocurrency there are many people that analyse the market and determine teh support levels and so forth, and it is these analysis and thorough investigations of the market that actually prompt a lot of people to try and buy or sell their coin. According to recent investigations, analysts say that the most important level for bitcoin moving forward is that it quickly regains the position of 37,500 USD, saying that if this does not happen quickly then we could see a further drop in its price.

 

[Niftyicon]

Unfortunately, bitcoin couldn't hold on to such key levels and according to another analyst, the next support now is in the range of $20k+. It will be almost like a free fall because those ranges are so low.

 

[Josemendez]

In cryptocurrency there are many people that analyse the market and determine teh support levels and so forth, and it is these analysis and thorough investigations of the market that actually prompt a lot of people to try and buy or sell their coin. According to recent investigations, analysts say that the most important level for bitcoin moving forward is that it quickly regains the position of 37,500 USD, saying that if this does not happen quickly then we could see a further drop in its price.

Seems that this prediction is what is happening now. Bitcoin is now struggling around $33,000 price value and this was seen dropped as low as 28k on Wednesday.

 

[Mariappa45]

BTC is moving up after struggling for some days ago, now the coin is closing back to $50,000. At the moment it is valued around $47,000.

 

[BullyMaguire]

As long as it doesn't fall back to 9k everything is fine.. it still is a lot even at 20k. Problem will be with people who bought at highest prices and hodl thinking it will go 100k

 

[AudraMiller]

As long as it doesn't fall back to 9k everything is fine.. it still is a lot even at 20k. Problem will be with people who bought at highest prices and hodl thinking it will go 100k

I do agree with you, but i think that if it had to drop to the 9k region again people may be worried but i am sure that they will buy a lot of it to increase their investment and spark another bull run.

 

[BullyMaguire]

I do agree with you, but i think that if it had to drop to the 9k region again people may be worried but i am sure that they will buy a lot of it to increase their investment and spark another bull run.

If it does drop to 9k.. im sure as hell i will be buying more than i ever did. Whales too. But it depends on the situation ofcourse.. what triggers it to drop that low

 

[Wisdom01]

It have broken the resistance and have moved on to a high price from that run ,this is to show that the price would not always be at one direction but move very high after some time , it's best to still invest now as it's not too late

 

[LutherKing]

Right , its stable mode and we need to take hold at the moment