Chinese Currency (ZB) Market Research Report: If bulls do not maintain their support level, Bitcoin may continue to fall in value.

According to ZB Market Research, the value of Bitcoin is now stuck in a strong sell zone. The bulls could not lead to further gains, while the decline is what kept prices lower as companies fell in the Bitcoin market. to buy. The next day the bears pushed the price of BTC below the Bollinger Band at $ 46,154. Technically, as the price moves, BTC is trading a two-way high of $ 50,943, a bearish signal. If the bulls do not maintain the support level of $ 46,154 during the week, we will see further declines the next day which could push the price of Bitcoin further. In addition, the report also reviews ADA and XRP, please refer to ZB research data for more details.