it looks like the price will be having a correction after increasing wildly, but the question now will be how far the price will correct and whether the next support will be strong enough not to break and take us back below the $35,000. i estimate that we can't drop below $39,000 at all, if we drop below $39,000 the price could drop too much this is not good because the next support after $39,000 would be $37000 which has already proven that it is not a strong support. I hope we don't see the price below $35000 again
Around march last year that covid-19 was hitting the world heavily, bitcoin started increasing and people kept speculating bear but price kept moving up. Yet now speculators are hitting the pages for bear but the price kept appreciating. Currently we are at $41,257 , this is looking like more bull with the positive news around bitcoin
an interesting fact is that every time someone makes negative forecasts the price goes up a lot, and every time they make optimistic forecasts the price drops a lot
On the previous price, $42k was reached then suddenly fall back down to $41k today.
could not break the resistance so it fell