Crypto Nuclear Winter: An analysis suggests that if Bitcoin sustains the $4000 support level in the next 12 to 24 hours, then the rebound to $4200 to $4400 range is possible. But, if it falls below $4000 and it was closed today.
The market then panicked leading to many traders and investors deciding to sell off their cryptocurrency, fearful that the highs of last year will never return.
Currently, the volume of BTC remains at around $5 billion down more than $1 billion within a two-day span. A decline in the volume of BTC during the weekend was expected, as the entire asset class tends to see a drop in trading activity