Bitcoin course still under pressure: Does a crash line up to $ 20,000?

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The Bitcoin course continues to fight with the continuation of its climb. After briefly exceeding the $ 31,000 mark a few days ago, the course has decreased slightly again and is currently around $ 30,000. The market is waiting for positive signals that could enable an outbreak from the sideways. The question is whether there will be a new crash towards $ 20,000.

In the past few weeks, the Bitcoin course has increased the $ 30,000 mark. However, the course has stabilized after this increase and has only moved sideways since then, within a span of $ 30,000 to $ 31,000. The course has tried several times to break the resistance at $ 31,000, but so far without success. An increase towards $ 35,000 is possible, but the resistance remains.

The likelihood of a larger price movement increases with the duration of the sideways. The longer the course remains in this phase, the more likely a outbreak. However, the likelihood of another crash also increases, since the course has bounced several times on the resistance. A crash in the direction of $ 25,000 or even $ 20,000.

So far, however, there is no great concern about such development. The support at $ 30,000 seems to be very strong, and many investors are waiting for the decision on Bitcoin ETFs. If this is approved, there could be an explosion -like price increase. A crash towards $ 20,000 is rather unlikely even if the support is eliminated. The Bitcoin has recovered well from previous crises and an outbreak towards $ 40,000 remains more likely.

It remains to be seen how the Bitcoin course will develop in the coming days and weeks. The market is eagerly awaiting positive signals that could continue the upward trend. A new crash towards $ 20,000 is being discussed, but is not yet predictable. Investors should keep an eye on the possible developments and make their investment decisions accordingly.