the price of the worlds first cryptocurrency bitcoin btcusd is headed lower according to cryptocurrency trader and influencer credible crypto what happened in a sunday market analysis published on twitter credible crypto pointed out that bitcoins lows are approaching the 34400 support level suggesting that the price is heading lower into the 2900032000 territory to find another support he added that he is not expecting lows at 28k to be taken on sunday afternoon btc was already breaking below credible cryptos support level and dropping under 34000 at the time of publication the 24hour low is 3387896 see also how to earn free crypto the report follows fridays reports that bitcoins mean transaction volume reached a sevenmonth high of 2566 btc meaning that the average transaction processed over the last seven days would now be worth well over 923000 furthermore bitcoin is refusing to realign its price with the stocktoflow s2f model just as it reaches halfway to the next halving that will cut its inflation rate once again now standing at just 356 of the price estimated by s2f