#TradingAnalysis101 TradingAnalysis101 on today's drop, BTC is approaching the 'bear zone', that is, when the price of an asset falls more than 30% from its all-time highs. In the case of bitcoin, the current value is 28.3% below the value of US$ 109.114.

But how far will the drop go?

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

'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.