Jiang Zhuoer: Bitcoin may fall below $80,000, with the $77,000 support level expected to hold

Jiang Zhuoer, founder of BTC.TOP Mining Pool, said in a recent article that Bitcoin is likely to fall below $80,000 but will unlikely drop below $77,000. $77,000 serves as both the Point of Control (POC) of the previous consolidation range and the POC since the August 19 rally — the price level with the highest trading volume in the respective range. He also noted the market is unlikely to dip below $75,000, giving investors a comfortable entry point.

@tonmelonfest