Hello friends. Do not forget to support me before starting our article. As you can see in the title, we will discuss whether Bitcoin is falling or not. Bitcoin rose from the $ 20000 levels to the $ 40000 levels. It then dropped to the $ 30000 level. Will this decrease continue further?
If you ask me, Bitcoin will rise after this drop and will cross the $ 40000 level again.This is not investment advice. Everyone should do their own analysis and invest.As we said earlier, Bitcoin is experiencing a rise after every drop and we are currently falling. So the next step will be ascension, but no one knows when this rise will happen.
However, together with you, we will analyze the important support point and the possible decreases that may occur as a result of the deterioration of these supports.First of all, I have to say that Bitcoin is currently at the support level. It tries to stay at this support level. This level of support is the $ 32,400 support. As a result of the bearish break in this support, we will have a support level of $ 28000. However, if this support breaks down, we will move towards the $ 35500 support.
If it crosses the $ 35500 level, we will reach the $ 42000 support level. If it drops from $ 28000, it drops to $ 20000. But if it drops to $ 20,000, it will recover very quickly and return to the $ 40000 level. This means that Bitcoin will still rise above the $ 40000 level, but if it goes in one direction it will go out very quickly and if it goes in the other direction it will come out slower.
We end our article here.
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