what is the next support level for btc?

Fere Pro Created at: 26 November, 2024 11:05 AM

To determine the next support level for Bitcoin (BTC), we can analyze its recent price movements and historical data. As of now, the current price of BTC is ₹92,185.

Recent Price Analysis

  1. Current Price: ₹92,185
  2. Price Change (24h): -6.35%
  3. Price Change (7d): +0.37%
  4. Price Change (14d): +7.17%
  5. Price Change (30d): +38.74%

Support Levels

Support levels are typically identified based on historical price points where the asset has previously bounced back. Here are some key levels based on the recent price data:

  • Recent Low: The most recent significant low was around ₹85,000 (approximate based on the 14-day analysis).
  • Previous Support Levels: Historically, BTC has shown support around ₹90,000 and ₹85,000.

Conclusion

Given the current price of ₹92,185 and the recent downward trend, the next support level for BTC appears to be around ₹90,000. If this level is breached, the next significant support could be around ₹85,000.

It's important to monitor market conditions closely, as cryptocurrency prices can be highly volatile.

Tokens