"The critical moment for Bitcoin to break through $66,000 has arrived! Falling below this level may trigger a longer bear market"

Bitcoin is facing a critical test! Ali Martinez, a well-known cryptocurrency analyst, warned that $66,000 is the decisive point for the current Bitcoin trend. If the price of Bitcoin continues to fall below this level, it may indicate that a longer bear market is coming.

According to Martinez's analysis, the "hot supply realized price" corresponding to this price point is the key. Simply put, this indicator reflects the average price of buying Bitcoin in the last one to three months. Currently, the hot supply realized price is about $66,000. If the price of Bitcoin continues to fall below this level, it means that investors who bought recently may face losses, which may intensify selling pressure and may trigger a bearish trend.

The price of Bitcoin is sliding to a key support level and may consolidate in the range of $58,000 to $65,000 in the next few weeks.

QCP Capital analysts pointed out that the price of Bitcoin may hover between $58,000 and $65,000 until a positive catalyst appears in the market. This consolidation is due to the market becoming sluggish to respond to common bullish signals. Currently, the price of Bitcoin is around $58,100, down slightly by 0.3% in the past 24 hours. Bitcoin has fallen by more than 8% in the past week.

Lao Tang reminds: A breakout or breakout of $66,000 will determine the short-term trend of Bitcoin. Stay alert, grasp market trends, pay attention to the latest analysis of "Lao Tang", and seize every investment opportunity with us to meet future market challenges!

#Telegram创始人获保释 #英伟达财报 #OpenSea收到韦尔斯通知 #以太坊基金会 #新币挖矿DOGS $BTC $ETH $DOGS