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Bitcoin fell to $ 34,300: When to expect support to return?



Bitcoin on Thursday, January 21, fell to $ 34,300, cryptocurrency capitalization fell to $ 641.86 billion. The BTC rollback was the result of a shift in support zones, analysts at WhaleMap say. In their opinion, the “whales” will help bitcoin keep its position at $ 33,000. It was in this area that large players bought, so they are not interested in further correction of the value of the digital currency. Recall that in early January, the cryptocurrency for the first time in its history jumped to $ 42,000. However, the coin could not stay at this level, and in the middle of this month it fell below $ 31,000. recoup. Large holders of the cryptocurrency did not allow its further weakening. We are now seeing a similar situation. Artem Deev, head of the analytical department at AMarkets, believes that due to the transition of traders to profit-taking, a drop in the price of bitcoin will be inevitable. Moreover, the Expert Advisor does not exclude a scenario in which the correction can go into the phase of aggressive sales in the market. In this case, the rate may drop below $ 20,000. You can take advantage of this situation and purchase a coin at a comfortable cost, the analyst emphasized.

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