The founder and managing partner of Polmanbit believes the next important support level for bitcoin is $19,500
According to her, the previous serious support level around $27,000 could not be held and now a much lower level will have to be defended:
“Unfortunately, the $27,000 level is finally broken. The next major support level is about $19,500. Although there is considerable distance between the levels, that is the nature of these asset classes. Below that there is still a Fibonacci retracement level of about $18,300,” writes the Polmanbit exchange expert.