Bitcoin prediction today: BTC/USD, after breaking the support, collapsed by 3.34% to $35,010
Bitcoin prediction today: BTC/USD, after breaking the support, collapsed by 3.34% to $35,010
Remaining under pressure from sellers, Bitcoin, after unsuccessful attempts to overcome the resistance near the level of $36,750, fell back to the support of $36,220, broke it, and, continuing its decline, as a result of which it lost 3.34% in price, collapsed to the level of $35,010. There is interest to buy, against which BTC was able to recover some of the losses, rising in price by 2.64% to the level of $35,935 at the moment.
Despite the slowdown in consumer price growth in the U.S., which provoked a massive drop in the dollar, Bitcoin collapsed, most likely due to the movement of capital into risky assets, especially the stock markets. Bitcoin bulls may continue to liquidate long positions and test $35,400-35,250 again; a break of $36,220 resistance will bring the price back to the consolidation range where it was before the fall.
Source: Bitcoin (BTC) price prediction.
