#MyFirstFeedPost Hello, Binance Square! It would seem that Bitcoin has finally run out of gas. After surging up from just under $27,000 on Oct. 16, BTC peaked just under $38,000 last Thursday. It’s been moving slowly downward since, with prices recently near $36,100.

This makes sense. After all, nothing goes up in a straight line and no asset can sustain a rally indefinitely.

The recent price action, $32,000 should act as solid support if Bitcoin does end up correcting more. Overhead resistance is still at $38,000, the level that rejected and halted Bitcoin’s advance next week.