Home Business Bitcoin in free fall, the holding of a support it held throughout 2021 will now be decisive

Bitcoin in free fall, the holding of a support it held throughout 2021 will now be decisive

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Another decidedly difficult day for cryptocurrencies is materializing with bitcoin continuing to slide at over -50% just over two months. today it touched a low close to $ 33,000, a low of around six months. To weigh is the strong aversion to risk that distances from the most speculative assets.

“Bitcoin now has a real test on its hands. The psychological blow of losing $ 40,000 is nothing compared to what happens if it falls $ 30,000,” says Craig Erlam, senior market analyst, UK and EMEA at OANDA. This is an important level of technical support that has held throughout 2021, despite numerous tests at the beginning of the year and then throughout the summer. If that falls, it could become very complicated. ”

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