{"id":618605,"date":"2023-03-16T10:52:09","date_gmt":"2023-03-16T15:52:09","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/16\/bitcoin-plunge-on-the-horizon-levels-to-expect-for-the-btc-price-in-the-next-30-days\/"},"modified":"2023-03-16T10:52:09","modified_gmt":"2023-03-16T15:52:09","slug":"bitcoin-plunge-on-the-horizon-levels-to-expect-for-the-btc-price-in-the-next-30-days","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/16\/bitcoin-plunge-on-the-horizon-levels-to-expect-for-the-btc-price-in-the-next-30-days\/","title":{"rendered":"Bitcoin Plunge on the Horizon-Levels to Expect for the BTC Price in the Next 30 Days"},"content":{"rendered":"
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\"Bitcoin<\/figure>\n<\/div>\n
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Bitcoin price after the gigantic rally during the previous weekend appears to have drained a bit as it has ignited a notable descending trend. The price initially lost levels above $25,000 and now flashes signals to lose $24,000 in the coming days. Technicals have flashed a bearish signal and hence a significant correction may be on its way.\u00a0<\/p>\n

The BTC price is still stuck in the major range, range bound since July 2022. Presently, it does not appear a good time to go long as the price is displaying a huge possibility of remaining stuck around the pullback off the highs for a while. The range currently appears to be between $24,000 to $19,000 and only a breach beyond any of these levels may trigger the respective trend ahead.\u00a0<\/p>\n

\"bitcoin<\/figure>\n

Source: Tradingview<\/a><\/p>\n

In the short term, the price is believed to undergo a major rejection from the current resistance levels that may follow the wave and reach the lower support below $19,000. However, after rebounding from the levels around $18,697.08, the price may regain its lost levels above $25,000. Moreover, an extended bullish trend may pave way for the price to surge beyond $26,000 also.\u00a0<\/p>\n

Bitcoin price is expected to remain highly volatile in the next couple of months as the rally continues to be bewildered by the impending trend. After maintaining a parallel range, a breakout may lead the price to rise between $25,500 to $28,000. Meanwhile, a drop below the major support could drag the price between $17,500 and $16,000.<\/p>\n<\/div>\n

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Sahana Vibhute<\/a><\/h3>\n

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\n Sahana Vibhute<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin price after the gigantic rally during the previous weekend appears to have drained a bit as it has ignited a notable descending trend. The price initially lost levels above $25,000 and now flashes signals to lose $24,000 in the coming days. Technicals have flashed a bearish signal and hence a significant correction may be<\/p>\n","protected":false},"author":1,"featured_media":618606,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,23119],"tags":[],"class_list":["post-618605","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-plunge"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/618605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=618605"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/618605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/618606"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=618605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=618605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=618605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}