BITCOIN: IS IT GONNA DROP LIKE BEFORE?

Hello traders, welcome to my new BTC update. For today's analysis, I am gonna use 12 hours chart to get a clear picture of BTC.

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I guess we don't need a lot of explanation here. Looking at the higher timeframe chart, we can figure out where BTC is heading next. In a lower timeframe, BTC may fluctuate making long greens and red but in higher timeframes, looks like BTC is already sinking in.
Currently, the support which is holding BTC is the $43k support level. If BTC manages to bounce back from this level then it still needs to break above the $44.6k to $45k resistance level. Further rejection will drop the price to another support level which is at 41K and in a worst-case scenario, the ultimate support level at $38k.

That's it from my end. I will update more on this as the market changes its direction.

Until then trade safely.

Thank you.