How much can bitcoin fall to?

When talking about potential drops in the price of bitcoin (BTC), emotions often run high.

“How are they going to say that?”, “How much are they paid to write that article?”, “Stop scaring the shit out of it!”… are some of the frequent comments that can be read on CriptoNoticias’ social media every time an analysis is published that anticipates price drops.

But the reader should understand that we address these issues not out of sensationalism, but out of responsibility. We know that ignoring the possibility of a drop would be as misleading as claiming that it is inevitable.

Therefore, this analysis has only one objective: to arm our readers with critical information that allows them to make strategic decisions in any market scenario.

Let’s be clear: discussing the possibility of a drop in the price of bitcoin is not wishing for it or causing it. It is simply recognizing the dynamics of a market that, although promising, is not without risks.

And what could come next for Bitcoin in the next few hours, days, or even weeks? If supply continues to outstrip demand, the theory of support and resistance allows us to establish what the next critical points would be.

Let's see them in the following price chart, provided by TradingView: