When the STH recognized price level is broken, there is an increased chance of a market price adjustment. Historically, Bitcoin dropping below this crucial support level has foreshadowed substantial price shifts. For example, in 2018, when Bitcoin’s price fell below the recognized price of $11,012, the market quickly plummeted to $8,455. A comparable scenario occurred at the close of 2021, with Bitcoin’s price dropping from $48,962 to $42,306. Stay updated with the latest technology news by accessing NEWSLINKER.
