The Bitcoin correction has already begun and BTC is losing more than $ 10K in a short time.
As we wrote to you in the previous analysis, what we are currently seeing on Bitcoin is not only euphoric but also of great concern. These concerns are linked in particular to what area traders will be able to see it as support, which will hold them even in difficult moments.
With its exponential growth, Bitcoin has surpassed several important price areas, and it seems that now is the time for the bulls to start building support zones.
For the next 24 hours, it will therefore be very important to monitor the likely new support in the area of $ 30K, which, if Bitcoin lasts, may again consider further growth. Subsequently, it will also be necessary to overcome the resistance at $ 35K.
Technical analysis:
- New and very important support in the area of $ 28K – $ 30K
- New acting resistance at $ 35K
- Another confirmed support at $ 22.5K
- Key support at $ 19.5K
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