BTC yesterday broke it's support which was around $50k, but there is no need for panic because before too BTC has followed the same trend, which is when it pumps then it also take a small correction which around 10%-15% which has been marked in the chart, so this time too BTC took a healthy correction of around 20%-22% , so there is no need for a panic. Second support level of BTC is around $46.3k and the last support is around $42.8k
and if it breaks the last support which is around $42.8k then we can say that BTC has actually entered the bear market.
And according to me BTC will go for the retest of $46.3k support level. And from there it will go for it's new rally.
and if it breaks the last support which is around $42.8k then we can say that BTC has actually entered the bear market.
And according to me BTC will go for the retest of $46.3k support level. And from there it will go for it's new rally.