How far could #bitcoin fall, according to the analysis of supports and resistances?

According to the technical analysis of supports and resistances, if bitcoin falls further, it is possible that it will hit a brake around USD 80,000 or USD 75,000. These levels, psychologically strong due to being round numbers, briefly functioned as resistance last year. That is why it would not be surprising if they are tested as support.

Although there is a lower price zone that has previously acted as a more durable resistance, making it possible for the market to try to transform it into support. This is the pricing between USD 70,000 and USD 73,000, which positioned itself as temporary highs.

As support would imply a drop for bitcoin of 35% from its historical maximum price of USD 109,300 recorded five weeks ago.

*content taken from criptonoticias*