$BTC Urgent Update 🔥🔥🔥
😧The update provides an urgent alert regarding Bitcoin's current price movement. It mentions that Bitcoin has broken below a trendline area on the 4-hour timeframe, which is considered a crucial development.
👆🏻The analysis suggests that the current price range of $68,000 to $69,000 is now acting as a strong resistance area and also marks a successful retest of the trendline. It warns that if Bitcoin is rejected from this area on the 4-hour timeframe, a decline to the $62,000 to $60,000 range is expected. Additionally,
👉🏻 it predicts a potential 10-20% dip in altcoins if this scenario unfolds.
👌🏻The analysis concludes by stating that this bearish scenario would only be invalidated if Bitcoin manages to break above the $71,500 area with significant buying volume. Until then, the analysis maintains a bearish outlook for Bitcoin.
