#🚨 WARNING: #CryptoCrashAlert 🚨
Bitcoin's value is on a downward trend, potentially dipping below $62,000 amid diminishing momentum, signaling a bearish market sentiment. The urgent need for a rebound to avoid plummeting below $61,000 is evident. In recent #FTXNews, creditors are set to receive 118% of their funds, but concerns linger regarding asset liquidation and equitable distribution of funds.
#ETFs also experienced negative inflows, compounding worries about market health. #Bitcoin's analysis suggests a looming descent towards support levels ranging between $61,500 and $60,800. A robust response from these thresholds is crucial to maintain positivity. Rekindled interest and momentum could facilitate stabilization and a positive reversal.
Trading advice advocates patience for market confirmation before engaging. Positive support for Bitcoin could prompt favorable trading opportunities with assets like RUN, Athena, Tellor, Phoenix BB, Reserve Rights (RSR), and Luna 2.0. Caution is paramount; await validation before executing trades. Stay vigilant amidst market volatility.
