If you are scared already of losing your investments then you might want to save the little you have.
For about 2weeks in a row, the bitcoin price has really been consolidating, moving between price levels $30,921 and $40,855. This is a whole $10,000 swing and trusts me a lot of smart traders made money from this swing. Nevertheless, the trend for bitcoin price movement is confirmed downwards and will certainly still move downwards the more.
The next support for bitcoin price is around $24,000 which will be the next stop for another major confluence.
As mentioned earlier in our previous post. you can basically profit from the pullbacks of bitcoin price when it touches major support areas.
Looking at the technical indicators:
- Major Support Level – $30,921