🚨Bitcoin Price Alert! How low can $BTC price go?

Bitcoin is forming a bearish engulfing candle on the weekly chart, signaling a potential drop to key support levels at $57,800 and $54,500. Despite a strong September, where BTC rose to $66,000, its price fell below $60,000 early in October.

The "golden zone" between $60,500 and $57,400 could provide support, but resistance at the 200-EMA suggests further decline.

Analysts also point to an unfilled CME gap at $54,000, which may become a target. A drop below $52,510 could invalidate Bitcoin’s long-term bullish structure, signaling a deeper downturn.

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