{"id":22487,"date":"2023-09-17T16:21:51","date_gmt":"2023-09-17T16:21:51","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/how-low-can-the-bitcoin-price-go\/"},"modified":"2023-09-17T16:21:53","modified_gmt":"2023-09-17T16:21:53","slug":"how-low-can-the-bitcoin-price-go","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/how-low-can-the-bitcoin-price-go\/","title":{"rendered":"How low can the Bitcoin price go?"},"content":{"rendered":"
Bitcoin (BTC) price\u00a0continues to tread at depressed levels in what has become one of the crypto market’s quietest periods in history. Meanwhile, several technical and fractal setups suggest that the BTC\/USD pair could drop to as low as $21,750 in the coming months.<\/p>\n
Let’s take a closer look at the nearest support levels to determine just how low can the Bitcoin price go.\u00a0<\/p>\n
Bitcoin has consolidated inside a horizontal trading range since mid-August 2023, defined by $26,670 as resistance and $25,650 as support. Briefly, BTC price broke out of the range in reaction to fundamental news, such as new Bitcoin ETF applications and the FTX liquidation fears. <\/p>\n