#BTCOutlook : $BTC (Bitcoin) Before the New Volatility Threshold
Bitcoin is undergoing a highly volatile phase, with strong selling pressure pushing the price down to significant lows. After reaching a record peak, BTC has entered a deep correction phase, leading investors to question: Is this a buying opportunity or a warning signal?
Factors to watch:
• Important support level: 48,000 USD is seen as a critical point if the price continues to fall.
• Liquidity and market sentiment: Large liquidations are adding further pressure on BTC's price.
• Technical signals: RSI and trend indicators will help determine the likelihood of recovery or further decline.
Investment strategy:
• Long-term: Bitcoin still plays a role as a store of value, suitable for patient investors.
• Short-term: Closely monitor resistance and support levels to take advantage of trading opportunities.
Be cautious but don't miss the potential of Bitcoin in this market cycle!