The prior week’s analysis indicates that Bitcoin has begun its corrective trend. Moreover, the station lost $24,000. It is presently pulling back to the $24,000 region to maintain the downward trend. On the other hand, Week 9 BTC Bitcoin Analysis and Onchain data provides information about the availability of whales in the $24,000 price range, which raises the potential for a decline. The Federal Reserve’s statement and its actions last week about interest rates have also stopped the market from taking risks.
The $22,000 region is Bitcoin’s next level of support. There are several purchase orders in this region, which can trigger another positive surge. Bitcoin has recently lost its correlation with the Nasdaq and American stock markets, and it has lagged behind them in terms of correction, which also decides the correction for Week 9 BTC Bitcoin Analysis.