#BTC But how far will the drop go?

Ana de Mattos, technical analyst and trading partner at Ripio, stated that despite the drop, there was strong buying volume, which supports a price support point.

"However," she continues, "if the price of bitcoin breaks the support of US$ 78.260, there will be a liquidity vacuum until the next support, which is in the price range of US$ 75.900," comments the analyst.

SEE ALSO:

André Franco, CEO of Boost Research, agrees with this idea. "The outlook is for more drops, at least until US$ 75 thousand. This is due to the delicate American risk scenario." For him, until geopolitical issues of tariffs, wars around the world, and high interest rates in the major economies of the planet are resolved, the quotes will remain pressured.

On the other hand, the short and medium term upper resistances are in the price areas between US$ 84.300 and US$ 86.200. It is worth noting that the cryptocurrency market is highly volatile and prices can record strong increases in a short period of time.

Analysts recommend allocating a responsible portion of your investments in cryptocurrencies and digital assets.