If Bitcoin breaks $55,000, watch out for these levels!

Bitcoin (BTC), which is going through critical processes, is facing the $55,000 support. What could happen if this support point is broken?

Although the #BTC price recently fell to $55,250, it could not break the important support point of $55,000. As a result of the purchases from this support point, a bullish signal was formed in BTC.

BTC, which has regained the demand area that has not been reached since August, is expected to make a sudden rise to $58,000. Cointelegraph, which prepared the analysis, said:

“BTC recorded its monthly low at $55,250 on September 6, but on the positive side, it tested an untouched demand area since August. A lower level on the one-hour chart could allow $BTC to experience a sudden rise towards $58,000.”

The total cryptocurrency market value has fallen below 2 trillion, while the #Bitcoin (BTC) price has faced selling pressure. The Crypto Fear and Greed Index also pointed to the “Extreme Fear” level for the first time since the first week of August.

Cointelegraph stated that three important price levels will come into play if the #BTC price loses the $55,000 support.

According to liquidation data, upward leverage positions have been formed at $57,500. The increase in selling pressure could push BTC below $55,000.

The daily close below $55,000 on the $BTC chart could deepen the potential decline. “If BTC loses the demand zone at $55,000, the next support point will be $52,100.” Cointelegraph said:“If BTC cannot hold at $52,000, $49,000 will be the last support price and the long-term bullish structure will face serious downward pressure.”

It is noteworthy that large whales have accumulated between $50,500 and $53,000. The analysis, which stated that whales will play a critical role at $50,000, stated that $49,000 may be inevitable if these levels are lost.