Bitcoin Price Analysis: Catching the proverbial falling knife

• Bitcoin price dropped roughly 12% in under 12 hours, dipping into the buy zone.
• This correction opens up the possibility of a reversal.
• BTC price will now rally toward $33,043, $34,160, $34,874, and other swing highs as shown in the chart attached below.
• The bullish setup will likely break down if the 79% Fib at $30,448 is shattered.
• In this case, Bitcoin price might sweep the range low at $27,244.

BTC/USD 4-hour chart

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Disclaimer: This is NOT financial/investment advice.