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📉📉 📉 Bitcoin Analysis: BTC at $62K – A Generational Bottom? 📉

Bitcoin recently dropped to $62,368, breaking key support levels at the 50-day EMA ($64,300) and 100-day EMA ($63,670). Holding the $63,300 range is crucial to avoid a further drop to $61,000 or lower.

Bullish Case: A triple bottom at $63,450 could lead to a recovery towards $66,800.

Bearish Case: Losing $63,000 support may push BTC to $61,000 or even $55,000.

Critical Support: The 200-day EMA at $59,558 is the last line of defense.

Stay cautious and informed.

This could be a generational bottom, but risk management is essential. 🚀💹

$BTC
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