Bitcoin Returns Above $30K; Resistance at $35K

Lower support is seen at the 200-week moving average, which is currently at $21,954. A break below that level would yield a downside target toward $17,673, which would be a 74% drop from the all-time high of nearly $69,000 achieved last November. Bitcoin ( $77,713.00 ) fell 83% peak-to-trough in the 2018 bear market.