What is Support Level in Crypto Trading?

Support level in crypto trading refers to a price level at which demand for a cryptocurrency is thought to be strong enough to prevent the price from falling further. In other words, it is a level where buyers tend to enter the market and push the price back up. For example, let's say the current price of Bitcoin is $30,000, and there is a support level of $25,000. This means that if the price of Bitcoin falls to $25,000, it…