Bitcoin Price Needs To Hold $36,400
In a subsequent post, crypto analyst Ali Martinez revealed that the Bitcoin price had finally found support at $36,400 after it recovered. However, the bulls are not entirely out of the woods as they need to maintain the $36,400 support and risk falling lower.Martinez posits that if the price were to break below $36,400, then the next significant level for demand rests at $34,300. This would mean an about 5% plunge from the current levels. But it doesn’t end there as a further plunge could take the price back to $30,200.For now, Bitcoin is holding steady above $36,600 which is a good sign. The volume has also seen a 39% increase, bringing it above the $18 billion mark, suggesting that investors took advantage of the dip to load their bags. If the excitement surrounding a possible Spot BTC ETF sustains, then the price could resume its uptrend above $37,000 soon$BTC #sol #
In a subsequent post, crypto analyst Ali Martinez revealed that the Bitcoin price had finally found support at $36,400 after it recovered. However, the bulls are not entirely out of the woods as they need to maintain the $36,400 support and risk falling lower.Martinez posits that if the price were to break below $36,400, then the next significant level for demand rests at $34,300. This would mean an about 5% plunge from the current levels. But it doesn’t end there as a further plunge could take the price back to $30,200.For now, Bitcoin is holding steady above $36,600 which is a good sign. The volume has also seen a 39% increase, bringing it above the $18 billion mark, suggesting that investors took advantage of the dip to load their bags. If the excitement surrounding a possible Spot BTC ETF sustains, then the price could resume its uptrend above $37,000 soon$BTC #sol #