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The world’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 worry investors. If developments that will positively affect the markets and the BTC price 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.
You May Be Interested: Current Situation in Bitcoin and Cryptocurrencies! – December 18
Weekly closing, Supports and Resistances! Current BTC Review!
The weekly closing price was at the levels of 41,000 dollars for Bitcoin. 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 an uptrend. However, it should be emphasized that caution should be exercised and the direction uncertainty in the market continues.
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.
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.
Current BTC Price
With the latest decline in Bitcoin, the current price is;
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