common-close-0
BYDFi
Trade wherever you are!
header-more-option
header-global
header-download
header-skin-grey-0

What are the current support levels for bitcoin?

avatarCasaan CadeNov 24, 2021 · 3 years ago3 answers

Can you provide information on the current support levels for bitcoin? I'm interested in knowing the price levels at which bitcoin is expected to find support and potentially reverse its downtrend.

What are the current support levels for bitcoin?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    The current support levels for bitcoin are around $30,000 and $28,000. These levels have been tested multiple times in the recent past and have shown strong buying interest. If bitcoin's price falls to these levels, it is likely to find support and bounce back. However, if these support levels are breached, the next major support level to watch out for is around $25,000.
  • avatarNov 24, 2021 · 3 years ago
    Bitcoin's current support levels are crucial for determining its short-term price action. As of now, the key support levels to watch are $30,000 and $28,000. If bitcoin manages to hold these levels, it could signal a potential reversal in the downtrend. However, if these levels are broken, it may indicate further downside potential with the next support level around $25,000.
  • avatarNov 24, 2021 · 3 years ago
    According to recent analysis, the current support levels for bitcoin are at $30,000 and $28,000. These levels have acted as strong buying zones in the past, attracting significant demand. If bitcoin's price approaches these levels, it is expected to find support from buyers and potentially reverse its downtrend. It's important to closely monitor the price action around these support levels for any signs of a bullish reversal.