📍#Bitcoin Update (Continue)
Bitcoin holds above its support level of $38,200. If this level breaks, we will see the price moving towards its next support area which is $37,200 to $36,400 From where we can expect a bounce back.
BTC need to clear the $39,400 resistance level with good volume to gain Bullish momentum. If it fails to clear this resistance zone it could continue to move down.
ALTS dumped heavier than BTC after breaking $40k. If you are holding for the long term in spot position you don't need to worry, we will see green days again once Bitcoin gets stable. If you're doing future trades you need to be careful because the market is very volatile. ✅
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