WARNING: Bitcoin (BTC) May Plummet to $40,600!

Renowned analyst Ali Martinez has issued a dire warning for Bitcoin (BTC) holders. He predicts a massive price crash, citing the TD Sequential indicator on the two-month price chart, which has given a major sell signal.

If BTC loses the crucial $51,000 support level, Martinez anticipates a price correction that could send Bitcoin tumbling to $40,600. This would be one of the biggest crashes in BTC's history, with far-reaching consequences for the broader market.

Bitcoin faces intense bearish pressure, with a 4.65% dip in the last 24 hours and a 7.15% drop over the last 30 days. Traders have been hit hard, with $52.55 million in liquidations in the last 24 hours. Martinez's analysis suggests more losses may be on the horizon.

Unless Bitcoin breaks the $68,000 trend line, more dips are likely to come. Traders must keep a close eye on this trend line to navigate the choppy waters ahead.

While bearish signals are emerging, the crypto market is notoriously unpredictable. Will Bitcoin rebound like it has in the past, or will it succumb to the bearish pressure? Only time will tell.

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