Bitcoin at Risk of Collapse: Will the Price Drop to 60,000 USD?

Experts present scenarios of significant decline in the near future. However, there are also positive views on the potential for recovery if Bitcoin surpasses key support levels.

Below are some key points from the article:

1. Concerns about sharp decline:

• Experts like Tone Vays and Peter Brant warn that the price of Bitcoin could drop to lows like 73,000 USD or even 60,000 USD if it breaks through important technical levels.

• This decline could resemble the crash of 2018.

2. Cash flow into exchanges:

• Over 33,000 BTC has been moved to exchanges, indicating a mood of concern and readiness to sell among investors.

3. Potential for recovery:

• If Bitcoin breaks the support level and returns above 100,000 USD, it could pave the way for a strong growth phase, with price targets up to 168,500 USD.

4. Market sentiment:

• Despite the pessimistic predictions, the Fear and Greed Index remains in the “Greed” zone, indicating some investors are still optimistic.

Personal opinion:

The cryptocurrency market is highly volatile, and predictions are often relative, depending on many economic, political, and market sentiment factors. If you are an investor, be cautious and diversify your portfolio while closely monitoring market signals to make appropriate decisions.

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