Bitcoin ($BTC) Quickly Losing Support Range; Price At $21K Next?

Bitcoin price crypto news: Top cryptocurrency Bitcoin is showing huge volatility following stronger than expected Personal consumption expenditures (PCE) data. The crypto market is currently mimicking the decline trend seen in the stock markets, with the S&P 500 Index down by 1.33% while Nasdaq is down 1.80%. Whether the crypto prices would recover during the weekend remains to be seen. Else, a break from the current support area would mean loss of gains from January, which was significantly fruitful for the crypto market.