Every investment and all trading involves risk, so you should always perform your own research prior to making decisions.
However, if the drop continues, there is a chance to see the test of the area around $39,400 until the end of the day.
On the bigger time frame, Bitcoin has bounced off the support at $39,218, which means that bulls still control the market situation despite today’s decline.
Analyzing the weekly chart, Bitcoin is rather more bearish than bullish as the price is located below the $40,000 mark.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.