🚨 Bitcoin Dumping! Key Levels to Watch! 🚨
Bitcoin's weekly chart shows it's hovering around significant support zones. Failure to hold here could lead to a deeper correction. Here’s what you need to know right now:
Next Major Support Zone: $49,500-$53,000. This is the previous accumulation range and could act as a strong defense for bulls.
Major Resistance: $55,926 (Quarterly value area high). Bitcoin needs to reclaim this level to trigger bullish momentum.
Deeper Support: $38,654 (2Q Value Area Low). If the current support breaks, this zone could be tested.
🔑 Conclusion: A bounce from $53k-$49.5k is crucial. Watch for a potential drop to $38.6k if this range fails.
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