$BTC

Well so far nothing scary about this drop and so far we will say that it is a normal correction, as the Bitcoin price received strong negative pressures, attacked the support of the ascending channel and tried to stabilize below it. This indicates the possibility of stopping the proposed upward wave and pressing towards further decline if the break is confirmed below the current support lines 97-95k, and this range is considered a critical demand area, as more than 1.42 million Bitcoins were bought before,

1.45 million addresses within this price range, making it one of the strongest current support levels.

In addition, another analysis indicates the presence of strong support at the 93k level. In case this support is broken, the price may head to test the 80-85k area, which is unlikely so far.