💥💥💥 Kraken Analysts Issue Warning About Bitcoin ($BTC ) Price! "If This Level Is Not Broken, A Big Drop Is Coming!"
Bitcoin has been facing a series of sharp declines since reaching its all-time high (ATH) in March, leaving investors eagerly anticipating a rally that could push BTC to new ATH levels. Kraken analysts have highlighted a crucial point in their latest report: Bitcoin needs to break past $62,000 to avoid another drop to the $49,000 range.
According to Kraken, Bitcoin is at a pivotal juncture, and surpassing the $62,000 resistance is essential to prevent a potential slide back to $49,000. The analysts stated, "The $62,000 resistance level is critical because failing to break it could indicate a deeper correction. Bitcoin's current price action suggests a corrective pattern rather than a strong rally. Therefore, BTC must clear the $62,000 mark to avoid another sharp decline."
As a reminder, Bitcoin dipped below $50,000 on August 5, a day dubbed "Crypto Black Monday," falling to $49,842—its lowest level since February.
Currently, Bitcoin is trading around $61,240, struggling to break the $62,000 resistance since August 9.
*This information is not investment advice.
Source - en.bitcoinsistemi.com
