đš WARNING: Bitcoin Faces Major Pressure! Is $51,000 Next? đš
Bitcoin's price has dipped to around $66,000, raising alarm bells among traders! Analysts are watching closely as critical support levels come into play. If Bitcoin fails to hold above $51,000
Bitcoin is currently facing significant pressure, with its price hovering around $,66,000, marking a notable drop. Analysts have highlighted two critical patterns that could dictate its next move. One bearish scenario suggests that if Bitcoin fails to maintain the crucial support level at $51,000, it could plummet to around $40,600. This projection is based on a sell signal identified by the TD Sequential indicator on Bitcoin's two-month chartâ
Conversely, there's a potential bullish outlook if Bitcoin can form a triangle pattern, indicating it might stay above $48,888. This formation could lead to a recovery in its priceâ(Coinpedia Recent trading data also reflects a concerning trend, with liquidations totaling approximately $38.35 million in the last 24 hours, suggesting a volatile trading environment for Bitcoinâ
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