🚀 Bitcoin's Wild Ride: Buckle Up! 🚀

Bitcoin (BTC) took a rollercoaster dive, dropping $2,300 in just one hour after Wall Street opened on Aug. 2, hitting $62,368 on Coinbase. Despite this, BTC managed to climb back up 1% in the last 24 hours, trading at $63,252.

Key Points:

- BTC lost crucial support levels: 50-day EMA at $64,300 and 100-day EMA at $63,670.

- Analyst AlphaBTC sees a chance for a rebound if BTC holds $63,300.

- A drop below $63,000 could spell trouble, targeting $61,000 or lower.

What do you think? Will BTC bounce back or dive deeper? Share your thoughts in the comments! 💬