Over the last few days, the world’s biggest cryptocurrency Bitcoin (BTC) is continuously plunging. After touching the marked price of $47,413, Bitcoin dumped to the price of $42,714.
So what next for Bitcoin? Can BTC again touch the mark of $36,000 or below or it will bounce back from here? We discussed all the technical analyses of Bitcoin here in the given article.
Important Bitcoin Update
Right now Bitcoin is trading at the price of $43,270 (at the time of writing this article) and Bitcoin (BTC) has broken its important support of $44,900 and of $44,400.
In the four hours chart, Bitcoin (BTC) is holding the support at $43,300. If BTC breaks this important support, then we can see the price of Bitcoin (BTC) at or below $40,000.
For the Bullish scenario, Bitcoin (BTC) must have to hold the $43,300 support and should have to reclaim the $45,000 price. If BTC breaks the $45,000 resistance, we can see the price of BTC towards $50,000.