How low can Bitcoin price drop if BTC fails to retake $35K soon? By Cointelegraph

How low can Bitcoin price drop if BTC fails to retake $35K soon?
How low can Bitcoin price drop if BTC fails to retake $35K soon?

(BTC) has seen a turbulent past few days after Elon Musk showed support for the cryptocurrency amid the GameStop (NYSE:) fiasco on the equity markets. However, since that tweet, Bitcoin’s price has been correcting after the entire push through Elon Musk was retraced.

Since then, Bitcoin’s price is facing a crucial hurdle at the $35,000–$35,200 area before an all-time high test. Once that area breaks and flips for support, continuation toward a new all-time high is likely.

XBT/USD 3-hour chart. Source: TradingView
1-week chart. Source: TradingView
XBT/USD 4-hour chart. Source: TradingView
XBT/USD 4-hour chart. Source: TradingView

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