📉 BTC Analysis: Potential Return to $60K?

Greetings, everyone. Let's analyze whether BTC is poised to revisit $60K or lower.

1. Chart Analysis:

- In the 8-hour chart, BTC faced rejection at $73K, a previously established resistance level.

- MACD is indicating bearish momentum.

- BTC price dipped below my EMA level, signaling potential downside.

- A death cross is visible on the MACD indicator.

2. Implications:

- Considering these factors, a significant crash may be imminent for BTC.

- Long position holders should monitor the price closely.

- Short position holders can consider opening or maintaining their positions, especially around $68.5-69K.

3. Potential Scenario:

- If BTC closes below $68K, we may witness a substantial drop of around 7-10%.

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*Disclaimer: This analysis includes third-party opinions and is not financial advice. Refer to the terms and conditions for more information.* 📉📊$BTC $ETH $XRP #bitcoinhalving #BullorBear #cpi