The BTC price is currently in the Support Zone at $50,888. If our Support Level takes us past the $51,400 - $51,600 range, there is a 95% chance that we will be heading to $52,800. Stay tuned for more updates.
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btc strong support 66300
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📊📉 Notable trader Peter Brandt's insights: BTC retesting neckline support from the inverted head and shoulders pattern on the weekly chart, as per his analysis on X (formerly Twitter). 📈🔍 A potential concern if BTC dips below $24,800, a key level from June's retest. Vigilance on daily and weekly charts advised. ⚖️💹 #CryptoAnalysis #BTCSupport #BitcoinWorld

Bitcoin has a support!

The current Bitcoin power law measure shows that Bitcoin support was located at around $31,000, which we can say is half the value of the current market price.

However, as we go, the support might change over time, and we might also not need to reach that support as long as institutions and hodlers haven’t sold any of their holdings.

#BTC #BitcoinPowerLaw #BTCSupport #Mathematics

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