When the STH recognized price level is exceeded, there is a higher chance of a correction in the market price. Throughout history, whenever Bitcoin has dropped below this crucial support level, it has paved the way for significant price fluctuations. For instance, in 2018, when Bitcoin’s price fell below the recognized price of $11,012, the market quickly declined to $8,455. A comparable scenario unfolded towards the end of 2021, as Bitcoin’s price plummeted from $48,962 to $42,306. Stay updated with the latest technology news by accessing NEWSLINKER.
