Bitcoin Falls Below $64,000: What Happens Next for BTC? 🚨

Bitcoin (BTC) has slipped under the key support level of $64,000, stirring concern among traders as it hovers around $63k. Eyes are now on the 0.618 Fibonacci level for a potential bounceback. 📉

Market Sentiment Shifts to Fear

The Fear and Greed Index has swung from extreme greed in the mid-70s to a neutral score of 51. This dramatic shift indicates rising caution among investors, reflecting a growing sense of uncertainty. 😨

Price Concerns Mount

Miners and long-term holders are selling off, adding pressure on BTC. If BTC dips below $60k, we could enter a prolonged bearish phase. However, a bullish wedge pattern on the four-hour chart offers some hope for a breakout. 📊

Bitcoin’s resilience remains a beacon of hope amidst these

fluctuations. Stay alert and informed! 🔍

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