Bitcoin drops below $30,000

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Analysts talk about a new day at the level of 25-26 thousand dollars

Yesterday, bitcoin dropped to $29,600 for the first time in a month, and with great difficulty managed to return to $30,000, but this did not last long.

This morning, the rate fell below $30,000 again, and this is a bad signal for the main cryptocurrency. This is not just a psychological mark, but a former area of ​​strong support for bitcoin.

Over the past month, as bitcoin stormed the $31,000 mark several times, and rose to $31,800 last week, analysts unanimously said that bitcoin was unlikely to fall below $30,000. Allegedly, a new springboard has formed at this mark, from which the main cryptocurrency will conquer new frontiers.

Bitcoin drops below $30,000

Bitcoin
Bitcoin

Now, analysts are predicting different scenarios, but many agree that bitcoin has a good chance of falling to the next support zone, which is in the region of 25-26 thousand dollars.

At the same time, the Crypto Fear & Greed Index, which shows investor sentiment, has again moved into the greed zone. Today it is 56, although yesterday it was 54.

Also Read:   Bitcoin soared to $138,000 on Binance.