#bitcoin analysis

#BTC has dropped below its daily support level of $29,500, which is a concerning development. Currently, it is trading below that mark. The next critical support lies in the range of $28,000 to $28,400, and there is a possibility that the price may retest this level.

The overall market conditions are uncertain, and it's difficult to predict the exact direction it will take. It could move either up or down from here, and #traders and investors should be cautious and closely monitor the market for further developments.

#dyor $BTC