In the last 24 hours, the price of Bitcoin attempted to break below $9,270 in a rapid sell-off from $9,400 to $9,240. Immediately after it hit $9,240, BTC bounced strongly to as high as $9,450.
What’s next if bitcoin breaks $9,270 ?
If the price of bitcoin breaks down at $ 9k2, the next destination will be $ 8k7. because there is the 200 MA line and it will be a strong push. we can buy some bitcoins there and, worse case, bitcoin will fall to $ 7k6 and we have the opportunity to buy one more time. but if it fails to break that support zone, it will probably climb to $ 11k again.