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. 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. Data from catalogue CryptoD​eFix. 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.

Losing this -> $36K seems next. pic.twitter.com/rLAuhvF1Cz

— Michaël van de Poppe (@CryptoMichNL) April 23, 2022

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.