Things are not going well!

Over the past 24 hours, Bitcoin’s price has fallen by near 4%, hovering around $30,000 Thursday. There’s a short way to go before bitcoin reaches $28,000, the highest support level that it hasn’t seen since the end of 2020. Both traditional financial markets and cryptocurrencies were hit by a sell-off Monday evening, taking Bitcoin briefly below the $30,000 mark.

As long as a war, inflation , and monetary policy shift in the U.S. remain in play, experts predict additional volatility in the near future. Currently, there are no reports of more prices rising and winning as a result of overcoming important resistances, sales saturation, buyers’ fears, etc.

But where is the next step?

In light of the long-term average price and Fibonacci levels, the next technical support is around the price of $24,000 to $28,000, of course, we will have many fluctuations and reversals along the way.