$BTC is at risk of plunging to $19,000, analyst suggests, but bulls are still holding their line
A drop below $22,000 might launch the digital gold back to the price level the market has not seen for the last two weeks. The main issue with the current state of BTC is the lack of short-term support zones that will protect theLuckily, technical analysis is the only thing suggesting that Bitcoin is losing its grip on $22,000. Inflow data and the trading volume are still ascending, which are direct signals of continuous support provided to the coin by bulls.
Thankfully, the recently discovered facts of Tesla selling 75% of their Bitcoin holdings and of the sharp rate hike by the European Central Bank did not cause any abnormal volatility on the market, which is currently favorable for Bitcoin.
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