Analyst Identifies 17 Key Support Levels for Bitcoin; Falling Below $34,732 Could End Bull Market

BroadChain BroadChain learned that at 01:16 on April 21, according to Bitcoinist, cryptocurrency analyst Swarmik released a technical analysis, outlining 17 potential price support levels for Bitcoin (BTC), ranging from above $70,000 to the $30,000 range. The core view is that as long as BTC does not fall below the critical price level that would cause a complete structural collapse, the overall bullish outlook remains unchanged, and each pullback could become the starting point for a new round of upward movement. Specifically, the first key level is the "breakout zone" at $70,931, followed by the "imbalance zone" at $68,931. If the decline continues, the "reversal line" at $66,638 and the "psychological barrier" at $64,491 are worth noting. Subsequent support levels include the "Fibonacci level" at $62,345, the "Ethereum breakout zone" at $60,198, the "point of interest" at $58,052, the "fair value gap" at $55,905, and the "order block" at $53,739. Deeper support levels are the "demand zone" at $51,612, the "supply zone" at $49,466, the "liquidity pool" at $47,319, the "gravitational point" at $45,173, the "kill zone" at $43,026, the "meta volatility level" at $40,880, and the "last support fortress" at $38,733. The analyst warned that if the price falls below $34,732, it could mean that Bitcoin's bullish structure is completely broken, potentially ending the current upward trend.