Bitcoin Broke Our Previous Support $34,008! It Is Approaching Our Next Price Target of $32,500 - Let's Take A Closer Look!

By Crypto by Targets | Bitcoin 2026: 4 Major Developments to Watch | 24 Jan 2022

Fact: Bitcoin broke the previous support of $34008

Fact 2: Bitcoin next major support at $32,500

Fact 3: Previous supports starts from $34000 and above are now turning into resistance

Current Price : $33329 at the time of writing, the lowest at $32917

Facts in Chart

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Bitcoin broke the previous support of $34,000, not only that, it dropped all the way to $32917 about an hour ago almost to our $32,500 target.

From now on, starting from $34000 and above are all turning into resistance. Just a friendly reminder: Resistance means there is a chance for bitcoin to rebound and retest $34k and all the previous targets above.

If the bitcoin price at some point goes under $32500. Then, $30,000 would be the next psychological support. However, to me, $30k only makes it the second most important price to watch. The most critical bitcoin price support up to this point, for me personally, is $28805. If bitcoin happens to fall below this critical support. It may either stop in between $24-$25k or go straight directly to $18-$19k, which I stated long ago, that is THE *2018 All-Time High stop*.

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Crypto by Targets

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Bitcoin 2026: 4 Major Developments to Watch

1. Post-Halving Results In By 2026, the effects of the 2024 Bitcoin halving will be clear. The market will show if the historic "bull run" pattern still holds true for the larger, more mature asset. 2. Real-World Use Cases Arrive This is the year Bitcoin’s Layer-2 solutions, like the Lightning Network, face their real-world test. Will we finally be able to use Bitcoin for everyday transactions easily and cheaply? 3. Regulations Become Real The regulatory landsca