Re: What is the Bitcoin support level?

For all you expert traders, what are the support levels for bitcoin? and how many?

Traders would not able to anything to bitcoin. They will focus on the profit only so you will expect them to hold the bitcoin when the time bitcoin value fluctuates in the chart.
Keep investing bitcoin will wise idea when we find the dump in the chart. But most of the fear about the price dump happens recently and sell it out for avoid looses but btc will bump again bros.

If you see the current market trend I had predicted a support point at 14200 but the market broke the support and the next support was at 12800 which was broken too taking to the next support at 11000. Bitcoin really showed some respect to this support however it has resistance at near about 13800. So if the 11k support break we are going into a great dip.

Yeah, Bitcoin touched double bottom in 24 hrs. But I see a heavy buy walls at $10k. Thus, bitcoin got a support level at $10k too after $11k. But I don't think bitcoin will go more correction. It is already 40% dumped. I expect a bullish run after this and expect price to hover over $20k+ by year end.

This time we had more intense selling waves in bitcoin. This also affected alt coins too. I think we need to make elliot wave counting analysis to see the next trend of bitcoin. I will work on it and will share it in the forum probably tomorrow.