{"id":145673,"date":"2024-12-28T17:00:40","date_gmt":"2024-12-28T15:00:40","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=145673"},"modified":"2024-12-28T14:58:25","modified_gmt":"2024-12-28T12:58:25","slug":"heres-the-critical-support-bitcoin-must-hold-to-avoid-a-freefall","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/heres-the-critical-support-bitcoin-must-hold-to-avoid-a-freefall\/","title":{"rendered":"Here’s the Critical Support Bitcoin Must Hold to Avoid a Freefall"},"content":{"rendered":"

According<\/a> <\/strong>to the strategist, Bitcoin\u2019s<\/a> <\/strong>monthly chart shows mixed signals, with the asset losing about 13% from its recent all-time high earlier this month. He describes the situation as \u201cneutral,\u201d emphasizing that the market\u2019s direction remains uncertain with only a few days left in the month.<\/p>\n

The trader suggests<\/a> <\/strong>that Bitcoin might continue to fluctuate within the $92,000 to $99,000 range until a decisive trend emerges. He advises against opening long or short positions in this zone to avoid unnecessary losses.<\/p>\n

Sherpa also highlights<\/a> <\/strong>the risk of Bitcoin dropping below the $92,000 support level. If this happens, he warns that the next likely target could be in the $80,000 range, though he isn\u2019t firmly predicting this outcome yet. He notes that repeated tests of support zones weaken their strength over time, making it critical to monitor Bitcoin\u2019s reaction at the current support level.<\/p>\n