Carter Braxton Worth, a technical analyst, believes that Bitcoin could break below its support levels and soon fall to $30,000.
A bunch of golden bitcoin, digital currency gettyOver the past week Bitcoin BTC has fallen 10% from about $38,500 to around $34,500. Carter Braxton Worth, founder of Worth Charting, believes that Bitcoin could quickly fall another 13% to $30,000. In a series of charts he emailed on Saturday he believes that Bitcoin could break below support levels and $30,000 is in play. The first chart has a slightly ascending support line that shows Bitcoin touching approximately $35,000. Bitcoin ascending support line with circles Carter Braxton Worth, Worth ChartingHis second chart has a vertical support line dating back almost a year to June 2021 when Bitcoin was about $29,000.