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

On the upside, it tested a demand zone that has been untouched since August. The low on the hourly chart of $BTC could allow the price to experience a sudden surge towards $58,000.

The total crypto market cap has dropped below $2 trillion, while the price of (#Bitcoin )($BTC ) is facing selling pressure. The cryptocurrency fear and greed index also pointed to the “extreme fear” level for the first time since the first week of August.

Cointelegraph reported that three important price levels will come into play if#BTCloses the $55,000 support.

A 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 fails to hold at $52,000, $49,000 will be the last support price and the long-term bullish structure will face serious downside pressure.”

Bitcoin (BTC), which is in a critical phase, is facing the $55,000 support level. What could happen if this support point is broken?

“Bitcoin hit a monthly low of $55,250 on September 6, but