๐Long or short BTC?
Analyst highlights two Bitcoin scenarios at key level
๐ What's next for Bitcoin? As the world's leading digital asset tests critical support levels, the crypto community is abuzz with speculation.
1๏ธโฃ Bullish Outlook
Bitcoin reclaims range lows, setting the stage for a potential push towards higher highs. Key liquidation zone at $68,000 could see significant activity if support holds.
2๏ธโฃ Bearish Scenario
Rejection at range lows could signal further downside. $52,000 emerges as a pivotal support level, coinciding with the 50-week EMA.
๐ก Beyond technical analysis, macroeconomic factors like CPI data and recent events, such as the attempt on Donald Trump, add layers of complexity to Bitcoin's trajectory.
Stay informed and cautious as the market unfolds its next move. Remember, investing involves risk. What's your take on Bitcoin's future?
