Recently, Bitcoin has been experiencing high declines, the latest price of Bitcoin has fallen below the $ 17,000 level.
Bitcoin has stayed in the bearish zone for the most recent time, which could prevent a major decline if it closes above the $17,000 resistance zone.
Bitcoin traded below the $17,000 support, remaining in the bearish zone.
Bitcoin Is Still in the Bear Period
Bitcoin could not stay at the $17,000 levels, there was a decline to $16,800.
Bitcoin climbed above the 23.6% Fib pullback level, dropping from $17,130 to $16,700.
What Will Be the Latest Situation in Bitcoin
Reportedly, Bitcoin may stay at $16,800 for a while and Bitcoin's first move seems likely to be on the upside, at the moment investors are waiting for Bitcoin to move.
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