Strong

Momentum

<ul class="news-points"> 
 <li>If BTC’s correction continues, an analyst believes the token could find strong support between $37,150 and $38,360.</li> 
 <li>At press time, BTC was worth $41,770.98 after its price dropped by 1.42% in the past day.</li> 
 <li>BTC’s price dip has shifted momentum in favor of sellers, which could push its price down to $38,700.</li> 
</ul> 
Yesterday, <a href="https://coinedition.com/tag/bitcoin-btc-news/">Bitcoin’s (BTC)</a> price suffered a steep correction, and even temporarily dipped below $41K. Well-known cryptocurrency analyst, Ali, shared in an X post today that if BTC faces an even deeper correction, the market leader is likely to find solid support in the range between $37,150 and $38,360. 
This support range is made even stronger because of the fact that it is backed by about 1.52 million addresses holding 534,000 BTC. On the other hand, Ali also pointed out that there are two resistance levels to monitor that might impede Bitcoin’s upward momentum, with one at $43,850 and another at $46,400. 
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 In case of a deeper correction, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> finds solid support between $37,150 and $38,360. This zone is backed by 1.52 million addresses holding 534,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a>. Also, watch out for two resistance walls that could keep the <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#BTC</a> uptrend at bay: one at…
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The post <a href="https://coinedition.com/btcs-bearish-momentum-could-be-stifled-by-very-strong-support/">BTC’s Bearish Momentum Could Be Stifled by Very Strong Support</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

BTC’s Bearish Momentum Could Be Stifled by Very Strong Support

Coin Edition

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