Currently, the price of BTC is been revolving around $45k, which is considered to be the support zone. Based on my recent analysis, if the price breaks below $45k and falls to $44k, there is a chance it could further decline to $41k. If it breaks the $40k zone, it is possible that this downward movement could trigger a bearish trend, which may result in the price of BTC dropping to $20k or even lower.
However, at the moment, there is a 30% probability of BTC crossing the $45k mark, especially if whales, who are large holders of BTC, continue to hold their positions without selling. Additionally, if more investors enter the market and acquire more BTC tokens, it could potentially lead to a rise in prices, indicating a bullish trend.
Before making any investments in cryptocurrencies, it is crucial for me to conduct both technical and fundamental analysis. This helps me understand the current conditions of each cryptocurrency I intend to trade, as well as predict potential price movements. To stay updated on the latest price movements, make sure to follow us.
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