As long as Bitcoin holds this level, no need to worry...

in #bitcoin4 years ago

If BTC holds about $34k, we are good to go

No one likes to see the price pullback and that is exactly what it is doing today.

After being rejected at $41k yesterday, the price has been drifting down towards $38k.

A rather big correction in a relatively short period of time.

However, as long as we hold the level below, there isn't much reason to worry:

image.png

(Source: https://twitter.com/CryptoMichNL/status/1405213790157803521/photo/1)

The line in the sand is roughly $34k.

If the price should fall below that level it would not be a good sign for that $30k touch being the lows...

The next week or so is going to be very important for where bitcoin goes in the medium term.

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Always on point. Accurate prediction

I've heard people predicting as low as $25k. I'm fearing the worst, but there are still people predicting $250k in 2022 or 2024. That's just wow.

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