#BitwiseBitcoinETF

The Floor of Bitcoin: Is There a Limit to the Drop?

After the recent euphoria, Bitcoin is experiencing a correction. Little strength currently, but optimism for the future.

After the party comes the calm, and in the Bitcoin market, we are seeing a breather after the recent euphoria. Two weeks in the red have made some investors nervous, and that is understandable. While a large part of the gains from December have evaporated, we still retain those from November, which is no small feat. The key question now is: where is the support?

The truth is there is no precise answer. Predicting support is complex and there are several levels to consider. A short-term support is not the same as a long-term one.

The important thing is not to panic. Corrections are part of the game in such a volatile market. Let's stay calm, analyze with a cool head, and remember that the long term is what matters.