If Bitcoin Breaches This Crucial Support Level, Watch Out


Bitcoin is attempting to stabilize after being cut in half from April’s $64,800 high. The cryptocurrency sank to about $30,000 intraday last Wednesday—a critical support area that must hold. What are the technicals projecting?

Let’s examine a weekly closing chart. Twice, Bitcoin advanced from large rounding bases. From a $10,000 low in September, Bitcoin soared to $60,000 just six months later. But once it crossed $57,000 in February, its price gains were smaller and more difficult to achieve.


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