Following the recent Bitcoin (BTC) price decline, the $40,000 position has become pivotal, with both bulls and bears grappling to control the upcoming price trajectory.
The overall market sentiment remains bearish, as several analysts predict further losses in the coming days. In particular, crypto trading expert Alan Santana has identified key levels investors should monitor as Bitcoin seeks to minimize losses.
In a TradingView post on January 24, Santana maintained a bearish outlook for Bitcoin, suggesting that the asset will likely reach a low of $23,000. The expert indicated that the next target for Bitcoin is expected to be $37,500, with a potential attainment date of January 25.
Furthermore, he pointed out the likelihood of Bitcoin trading below $30,000, anticipating a plunge to see the flagship crypto testing $27,500, $25,500, and eventually $23,000.
Santana derived his analysis from Bitcoin’s support level at $41,300 on January 12, using it as a basis for expectations thr
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