#BITCOIN Tests Crucial Support: Will Bulls Hold or Bears Cha

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#BITCOIN Tests Crucial Support: Will Bulls Hold or Bears Charge?🫨 Bitcoin's recent uptrend seems to be fizzling out as it approaches the anticipated support zone of $59,000-$60,000.🔻 This is a critical area - a break below could trigger panic selling and a sharper price drop. Here's what to watch:👀 Can BULLS defend the $59k-$60k zone? If not, the next support sits around $50k-$53k.😱 Is the rumored 4-month imprisonment of CZ impacting the market? Take news with a grain of salt and focus on technical analysis. RECOMMENDATION: Tight stop-loss🟥 orders are advised for open positions in this volatile environment.

#BITCOIN Tests Crucial Support: Will Bulls Hold or Bears Charge?🫨
Bitcoin's recent uptrend seems to be fizzling out as it approaches the anticipated support zone of $59,000-$60,000.🔻 This is a critical area - a break below could trigger panic selling and a sharper price drop.
Here's what to watch:👀
Can BULLS defend the $59k-$60k zone? If not, the next support sits around $50k-$53k.😱
Is the rumored 4-month imprisonment of CZ impacting the market? Take news with a grain of salt and focus on technical analysis.
RECOMMENDATION: Tight stop-loss🟥 orders are advised for open positions in this volatile environment.