Bitcoin continued its downward trend, trading below $39,000, as a result of the general market volatility in recent days, the official bankruptcy filing of Terraform Labs in the US state of Delaware, and the insistence of major investment firms in the US on selling Bitcoin.

While this decline has affected the overall trajectory of the cryptocurrency market, experts emphasize the importance of investors being cautious and aware of the movements in the market. Despite the uncertainty in the market, many investors are reviewing their long-term strategies, keeping in mind the future potential of cryptocurrencies.

Bitcoin and Cryptocurrencies Status Update! – January 23rd

The first support level for Bitcoin is $37,800. If it cannot find support from the $39,000 level, it will look for support from the $38,000 level.

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