The cost of Bitcoin updated the local minimum
On the morning of April 25 Bitcoin cryptocurrency value reached a local low. The value reached $38,250. This text is from project cryptodefix.com. According to Coinglass, the decline was accompanied by the liquidation of positions on $300 million futures. Over the past 24 hours, according to CoinGecko, BTC lost 3.2% of its value.
Ethereum lost 4.3% in value. Polkadot (DOT) and XRP were the most noticeable among the top currencies by capitalization, both fell in value by 7.9%.
According to analyst Michael van de Poppe, Bitcoin is at a decisive level. A break down would bring BTC to $36,000.
#Bitcoin back on this crucial level here.— Michaël van de Poppe (@CryptoMichNL) April 23, 2022
Losing this -> $36K seems next. pic.twitter.com/rLAuhvF1Cz
Earlier Fundstart strategist Mark Newton said he expects a pullback to $36300.
“Breaks of that level should lead to a full retest of $32,950 without too much trouble,” he said.
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