Bearish no no no💣💣💣💣💣💣💣💣💣💣💣💣💣💣💣💣💣💣💣🌀⭐⭐🎐🎐 Some analysts believe that the price of Bitcoin (BTC) will drop by at least 10% ¹. Here are some of the reasons why:
- *Resistance levels*: The price of Bitcoin (BTC) is currently hovering around $67,000. However, analysts believe that it will face significant resistance at $70,000, $72,000 and $75,000.
- *Liquidity*: Most of the liquidity for Bitcoin lies around the $72,000 mark, which is why analysts believe that it will be difficult for the price to go beyond this point.
- *Support levels*: Analysts also believe that if the price of Bitcoin (BTC) drops, it will find significant support at $60,000. This is because there is significant liquidity at this point.
- *Price action*: The price action of Bitcoin (BTC) is also a cause for concern. It has been moving in a narrow range and analysts believe that it will eventually break out of this range, which could result in a 10% drop.
