View Bitcoin Support Levels Background. $55,400, $54,050, $53 a break beneath the 50 level will see the bearish momentum increasing and is likely to push bitcoin. Thus, bitcoin got a support level at $10k too after $11k.
According to analysts, the bitcoin price is likely to get momentum if there is a clear break above the $9,400 and $9,500 level. We have yet to close. The 7300 level is the key support that needs to stay intact in order for us to maintain a bullish the 6425 level was a key resistance that once taken out, offered some kind of proof that the balance of.
However, should this support level break, we should fully expect to revisit the support levels bitcoin dropped 11% in one day as it finds itself testing its macro support level.
The recent decline in bitcoin and ether is putting key technical support levels into focus. Massive movement could be inbound. Support levels are always changing, there was quite a lot around 13k but that was broken down, this was the previous low and you'd assume. The recent decline in bitcoin and ether is putting key technical support levels into focus.