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The case for Bitcoin price dropping to $27K in a possible bearish



The case for Bitcoin price dropping to $27K in a possible bearish scenario

Some analysts say that the price of (BTC) could drop to $27,000 in a bearish scenario if it falls through the $30,000 support area.

The potential drop to $27,000 is conditional in that BTC would have to break down below $30,500, where it strongly bounced from on Jan. 11.

Bitcoin whale clusters. Source: Whalemap
4-hour Bitcoin price candle chart with levels. Source: TradingView.com, Mayne