Bitcoin Chart Analysis Revealed

By Gareth Soloway of In the Money Stocks

President & Chief Market Strategist at IntheMoneyStocks • Jan 21, 2021 at 2:12 PM EST

Bitcoin chart analysis shows where the supports are to be a buyer.

Bitcoin (BTC/USD) is seeing a major fall today, down over 10% and down almost 25% from the recent all-time highs. Investors who bought around $40,000 are fretting, thinking a top is in much like 2017. Bitcoin chart analysis shows where the supports are to be a buyer.

The first support to begin accumulation will be at $24,000. The second support where it would be wise to pick up a substantial amount more is at $19,750. Ultimately, Bitcoin is going higher over the longer term, but bubbles have to burst in the near-term. Be patient and ready to buy.

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