BTC/USDT Analysis

Let's take a look at the 1 month timeframe of the chart of BTC to the dollar. As we can see, the price broke through an important support level around $30,000. Now there is a spontaneous plunge. The nearest support is the level around ATH 2017.

There is now a fairly successful drop-off in the market by inexperienced market participants. The number of people who bought crypto after the explosive growth in 2021 and are taking a loss now is increasing. We should never forget that globally BTC is in the strongest up-trend. Strong corrections are followed by even stronger growth. The reversal of BTC is very probable in the range between these two levels.