$BTC ALERT: Bitcoin is at a critical juncture, and all eyes are on the charts as analysts sound the alarm about a potential major crash. The market has been in a downward spiral for nearly seven months, with geopolitical tensions in the Middle East and a strengthening U.S. dollar adding fuel to the bearish fire. Some experts are warning that $BTC could plummet to $40,000 or lower if the bearish momentum continues.

However, there’s a glimmer of hope for bulls. October has historically been a strong month for Bitcoin, and with the next halving in November 2024, some analysts are anticipating a possible rally. The key to recovery lies in breaking past critical support levels around $56,130 and the 50-day EMA at $59,662. A push through these levels could signal the start of a new upward trend.

💡 Key Takeaways:

Bearish Scenario: Bitcoin drops to $40,000 if bearish pressure continues.Bullish Potential: Watch for a rally if BTC can break $56,130 and $59,662.

Stay sharp and keep an eye on volatility in the coming days!

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