Surprisingly, Bitcoin’s sudden plummeting slump in yesterday’s trading session gave a bit of annoyance to crypto investors who expected the crypto king to continue the surge.
It seems that the expectations of bloomberg strategist ‘Mike McGlone’ who is forecast to reach $ 100,000 by the end of this year have been cut short by the development of this news!
From a perspective, Bitcoin slumped almost 20% plunging to a price level of around $ 43,000, but the price value moved back to the $ 47,000 level on Tuesday morning.
Next, examine the current movement chart of the BTC/USDT price.
In today's trading session, it seems that BTC is back showing positive movement and is testing the SBR (support become resistance) zone around $ 47,000.
For the next expectation, if the BTC remains positive price movement, the SBR zone around $ 47,000 will be broken and headed to the next SBR zone.
However, if BTC returns with a bearish pattern, BTC will test the RBS zone (resistance become support) around $ 45,000 before making a decline to a lower level.
At the time of writing, BTC/USDT is trading at a price of around $ 47,000 down over 10% in the last 24 hours.
