Bitcoin could fall another 40% if it fails to hold the key support level of $27,000, Fairlead’s Katie Stockton says
Bitcoin’s sharp decline amid the Terra implosion led the cryptocurrency to test an important support level at $27,200. If bitcoin decisively breaks that support level, the crypto could drift 40% lower to $18,300, Katie Stockton of Fairlead Strategies said. “The recent breakdown below the weekly cloud [support] reflected negative intermediate-term momentum,” Stockton said.
