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YouTube Crypto Analyst Says Bitcoin is at a Critical Support

Published 31/01/2023, 18:25
© Reuters.  YouTube Crypto Analyst Says Bitcoin is at a Critical Support

  • Bitcoin fell below $23,000 for the first time in 10 days.
  • Breaking below current support will see Bitcoin fall toward $21,200.
  • Bitcoin’s current pullback is temporary, as price is still in bullish condition.

As Bitcoin price closed below $23,000, the famous YouTube crypto analyst Crypto Rover declares this region is the “key support.” In a recent video, he shared an analysis of the possible scenarios that could play out in the long term, depending on how the Bitcoin price develops.

Highlighting multiple supports from historic data, Rover established that a break below would drive the price down toward the next significant support at $21,200. The last time that Bitcoin was at that price was ten days ago.

Rover mentioned that the four-hour cha ...

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