Bitcoin will resume its decline if it fails to gain a foothold above the resistance zone of $ 43.1 thousand, warned NewsBTC analyst Ayush Jindal. On the night of September 21, the price of the first cryptocurrency reached $ 40.2 thousand, after which it again exceeded $ 43 thousand.As of 13:20 Moscow time, the asset is trading at $ 43.3 thousand, over the past day it has fallen in price by 4%, writes RBC Crypto.
The price of bitcoin could not stay above the support zone of $ 46 thousand, after which it dropped below the level of $ 45 thousand.The cryptocurrency rate broke through several supports of about $ 44 thousand and $ 43 thousand, after which it moved into a bearish zone, the expert noted. According to him, now if the asset can overcome the strong resistance of $ 43.1 thousand, the next important mark will be $ 44 thousand, above which Bitcoin will be able to test $ 45 thousand again.
If bitcoin fails to overcome $ 43,100, the nearest support will be $ 42,200, Jindal says. He added that further the rate of the first cryptocurrency may fall to $ 41.5 thousand, after which the asset risks surviving a new fall into the $ 40.5-40 thousand zone.
Stay in touch! Subscribe to World Stock Market in Telegram.
I am Derek Black, an author of World Stock Market. I have a degree in creative writing and journalism from the University of Central Florida. I have a passion for writing and informing the public. I strive to be accurate and fair in my reporting, and to provide a voice for those who may not otherwise be heard.
