Bitcoin Price Forecast: Correction to Support Levels

🔘 Analyst and founder of SchiffSovereign, Peter Schiff, suggests that Bitcoin may test the trendline around $42,000, followed by a deeper correction to long-term support levels between $15,000 and $20,000. Bitcoin is currently facing significant resistance near the 8646.87% level, and if the asset fails to maintain critical support around 7802.86%, further decline is expected.

🔘 According to Coinglass, the Bitcoin derivatives market is showing noticeable activity, with trading volumes increasing by 134.50%, reaching $55.50 billion.