Will BTC test $30000 before a pullback?

10 ene 2022

The Crypto market is under pressure. BTC has been dropping since November 2021. Since November last year, we didn't see any solid pullback for the upside.

When the market started to drop in November last year, what expected that ahead of Christmas and new year, profit-taking may happen. But ten days have already gone in the new year, but investors have not yet been ready to invest in BTC.

Investors are waiting to buy BTC at lower rates. $30000 is the significant support from the current price. We may see a big buy at the $30000 price zone.

$42000 was swing low and strong support level, but BTC managed to drop below the support level.

So now immediate support is identified at $40000. So, breaking below $40000, it is just a time of matter that the BTC will test the $30000 price zone very soon.