How low can Bitcoin price drop if BTC fails to retake $35K soon?
Since that tweet, Bitcoins price has actually been fixing after the whole push through Elon Musk was retraced.Since then, Bitcoins cost is facing a crucial difficulty at the $35,000–$ 35,200 area before an all-time high test. Bitcoin does not hold $35K and has to flip it for supportXBT/USD 3-hour chart. On the other hand, if Bitcoins cost cant break through $35,000, a restored retest of the $30,000 level is on the table. The likelihood of another further correction to $24,000 to $26,000 is still there, and this would also fill a CME space together with a test of the 21-eek MA.However, such a correction depends on whether Bitcoins rate can break through $35,000. If Bitcoins rate breaks through the $35,000 location, extension is anticipated to $40,500.
Because that tweet, Bitcoins cost has been correcting after the entire push through Elon Musk was retraced.Since then, Bitcoins price is dealing with an important difficulty at the $35,000–$ 35,200 area before an all-time high test. The possibility of another more correction to $24,000 to $26,000 is still there, and this would also fill a CME gap along with a test of the 21-eek MA.However, such a correction depends on whether Bitcoins price can break through $35,000. If Bitcoins cost breaks through the $35,000 location, continuation is expected to $40,500.
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