CryptoOnchain
Bitcoin price will drop to Delta Price
Technical Chart: Bitcoin is forming a descending triangle pattern. This pattern is usually associated with a breakdown and reinforces the possibility that the current support level will be lost in the near future. Recently, Bitcoin again respected the resistance level of this pattern Fundamental: The US stock market has a high correlation, especially in bear markets, with the price of Bitcoin. Stock indices have decreased and are again above the support level. In case of a breakdown of this level of support from the stock market, we will definitely see a breakdown of the level of support for Bitcoin Onchain: In past cycles, the price of Bitcoin has fallen to the delta price. In this cycle, Bitcoin has not yet experienced this price. With its calculations based on Delta Cap, the Delta price will be around $17,000. In case of a breakdown of the support level, $17,000 is expected to act as a support level