Is The Bitcoin Crash Over? Watch This Key Support.

2:13 pm, Sat, 4 December 21

Current Bitcoin Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y
?
Bitcoin down more than 40% from previous highs! What next?

The Bitcoin price has crashed more than 40% from its previous highs but we believe this sell-off might just be over!

Right now Bitcoin is testing a key support region on the 4-hour timeframe. This region has played a crucial role in the Bitcoin bullish trend on numerous occasions and might continue to do so in the coming days.

Is The Bitcoin Crash Over? Watch This Key Support.
Is The Bitcoin Crash Over? Watch This Key Support on the 4-hour timeframe

In this Bitcoin analysis, we will be talking about this $39,974 key region as well as our bias for Bitcoin in the coming days.

To trade Bitcoin with leverage, sign-up to Bybit right now! Bybit’s BIGGEST Deposit Bonus Campaign is now live! First-time depositors can get up to a $4,100 Bonus when you sign-up and fund your Bybit account with our Bybit link.

Claim up to $30,030 in Bonus

100x Leverage

Related Articles:

Bitcoin Key Support!

Is The Bitcoin Crash Over? Watch This Key Support.
Is The Bitcoin Crash Over? Watch This Key Support the Bitcoin bulls must hold on the 4-hour timeframe

The Bitcoin price is currently trading at key support on the 4-hour timeframe. This support $39,974 support region has served as major sell stoppers in the past and might do so again soon.

If this level holds, there is a very high probability that we might see Bitcoin bounce and rally higher in the coming days. This would be a repetition of what we have seen play out on multiple instances in the past

Is The Bitcoin Crash Over? Watch This Key Support.
Is The Bitcoin Crash Over? Watch This Key Support. Bitcoin bullish prediction on the 4-hour timeframe

Bitcoin Bullish Target!

For the bullish target, there is a very high probability for the BTC price to rally to the $52,838 price region before encountering any major resistance on the 4-hour timeframe.

This is a 24% price move and is very likely in the coming days. But for this bullish prediction to remain valid, Bitcoin must respect and continue to trade above the $39,974 key support on the 4-hour timeframe.

Is The Bitcoin Crash Over? Watch This Key Support. Bitcoin bullish prediction on the 4-hour timeframe

Final Verdict!

The Bitcoin price is currently trading at key support on the 4-hour timeframe. If this key level holds, there is a very high probability that we might see the current sell-off we are witnessing on Bitcoin stop and for the Bitcoin price to reverse and begin surging back higher in the coming days.

However, if this $39,974 level gives way, there is a very high probabiity that Bitcoin will only sell off a bit more.

Easy Steps From Beginner To Pro Crypto Trader

You can speed up your learning journey by reading our How To Trade Bitcoin Guide. This guide is the best for crypto traders who wants to get familiar with the basics of Bitcoin trading. You can also check out our top list of Best Bitcoin Exchanges To Trade With.

PrimeXBT Covesting: Trade Hassel Free

Sign-up on PrimeXBT today to trade Bitcoin hassle-free. You can copy experienced traders and access hundreds of different strategies on the platform! Don’t forget to claim your 25% bonus by using the promo code “bitcoinsensus50” when you sign-up with our link  PrimeXBT Covesting

Recommended Bitcoin Trading Platforms:
★★★★★
★★★★★

Rating: 94%

Claim up to $30,030 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 89%

Claim up to $4100 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 91%

Claim up to $7000 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.050%
Maker:
0.050%
Wire:
Credit:
Crypto: