{"id":8329,"date":"2023-12-18T07:30:10","date_gmt":"2023-12-18T07:30:10","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=8329"},"modified":"2024-03-27T13:15:30","modified_gmt":"2024-03-27T13:15:30","slug":"does-the-correction-move-begin-in-bitcoin","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/does-the-correction-move-begin-in-bitcoin\/","title":{"rendered":"Does The Correction Move Begin in Bitcoin?"},"content":{"rendered":"<p>The world&#8217;s largest cryptocurrency <strong>Bitcoin (BTC)<\/strong> and many <strong>altcoins<\/strong> started the day with large decreases. So will the <strong>BTC price<\/strong> make the expected correction move and retreat to the level of 38 thousand dollars?<\/p>\n<p>The cryptocurrency market and Bitcoin price, for the first time in days, closing the day under the falling trend, continue to worry investors. If developments that will positively affect <strong>the markets and the BTC price<\/strong> do not occur, the expected correction of 38,200 dollars creates concern in the market. In this context, the situation of BTC is still uncertain.<\/p>\n<p>You May Be Interested: <a href=\"https:\/\/coinengineer.net\/blog\/latest-situation-in-bitcoin-and-cryptocurrencies-18-december\/\">Current Situation in Bitcoin and Cryptocurrencies! &#8211; December 18 <\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/does-the-correction-move-begin-in-bitcoin\/#Weekly_closing_Supports_and_Resistances_Current_BTC_Review\" title=\"Weekly closing, Supports and Resistances! Current BTC Review!\">Weekly closing, Supports and Resistances! Current BTC Review!<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/does-the-correction-move-begin-in-bitcoin\/#Current_BTC_Price\" title=\"Current BTC Price\">Current BTC Price<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Weekly_closing_Supports_and_Resistances_Current_BTC_Review\"><\/span>Weekly closing, Supports and Resistances! Current <strong>BTC<\/strong> Review!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The weekly closing price was at the levels of 41,000 dollars for <strong>Bitcoin<\/strong>. However, a positive momentum has not yet been achieved. Although we hold above 40,000 dollars, uncertainty continues in the market. If we can sustain this level, Bitcoin has the potential to return to <strong>an uptrend<\/strong>. However, it should be emphasized that caution should be exercised and the direction uncertainty in the market continues.<\/p>\n<p>41,230 dollar and 42,000 dollar levels emerge as the main resistance points in front of Bitcoin. Overcoming these levels could signal the start of positive momentum.<\/p>\n<p>40,735 dollars and 39,400 dollars appear as strong support points for Bitcoin. If a fall occurs below these levels, a correction of 38,200 dollars could come into play.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Current_BTC_Price\"><\/span>Current BTC Price<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>With the latest decline in Bitcoin, the current price is;<\/p>\n<p><script type=\"text\/javascript\" src=\"https:\/\/files.coinmarketcap.com\/static\/widget\/currency.js\"><\/script><\/p>\n<div class=\"coinmarketcap-currency-widget\" data-currencyid=\"1\" data-base=\"USD\" data-secondary=\"\" data-ticker=\"true\" data-rank=\"true\" data-marketcap=\"true\" data-volume=\"true\" data-statsticker=\"true\" data-stats=\"USD\"><\/div>\n<p>&nbsp;<\/p>\n<p data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can write us your comments on the subject. Also, if you would like to continue with such informative content, you can follow us on our\u00a0<strong><a href=\"https:\/\/t.me\/coinmuhendisihaber\">Telegram,<\/a><a href=\"https:\/\/www.youtube.com\/c\/CoinMuhendisi\"> Youtube<\/a>,<\/strong>\u00a0and\u00a0<strong><a href=\"https:\/\/twitter.com\/i\/flow\/login?redirect_after_login=%2Fcoinmuhendisim\">Twitter<\/a><\/strong>\u00a0channels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world&#8217;s largest cryptocurrency Bitcoin (BTC) and many altcoins started the day with large decreases. So will the BTC price make the expected correction move and retreat to the level of 38 thousand dollars? The cryptocurrency market and Bitcoin price, for the first time in days, closing the day under the falling trend, continue to<\/p>\n","protected":false},"author":1,"featured_media":8328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9,7,2],"tags":[563,3030,3029,3031],"class_list":["post-8329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","category-crypto-news","category-market-analysis","category-news","tag-altcoins","tag-bitcoin-is-falling","tag-does-the-correction-move-begin-in-bitcoin","tag-ethereum-is-falling"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Does The Correction Move Begin in Bitcoin? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"The world&#039;s largest cryptocurrency Bitcoin (BTC) and TIA, OSMO, JTO, ATOM etc. many altcoins started the day with large decreases.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/does-the-correction-move-begin-in-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Does The Correction Move Begin in Bitcoin? 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