Post
Topic
Board Speculation
Re: The low support level may still be tested during 2023.
by
jaberwock
on 20/06/2023, 16:41:50 UTC
Good news is getting more and more coming and I'm sure the Bitcoin support level has been reached at the end of 2022 which reached $ 16k,
and now the bitcoin price is still above $ 20k I don't think this year has touched a new support level anymore but we in 2023 can reach this level resistance,
moreover Good news from China can be a booster for the crypto market.
I think you are thinking about the Bitcoin halving because we are getting closer to it and many people feel bullish about it. There are other good news too like the China re-allowing cryptos but I think that wasn't new anymore. As of now, we mostly get a bad news about the crypto regulations and targeted country was the US.

Let's just hope that it won't escalate from banning the cryptos there because that will make the price dump even more. Each year, there will always be a support level for the crypto prices. In 2022, it was $16k but this year I think it was $27k so far although this might change later on because we still have more months left to finish the 2023.