JUST IN article from Cointelegraph: “$BTC price warning: #Binance ‘wants blood’ amid sub-$60K Bitcoin target.

Bitcoin faces a potential “liquidation cascade” toward $50,000, analysis warns as the BTC price rebound fizzles.

In his latest market commentary on X, popular trader Credible Crypto paints a grim short-term picture for Bitcoin.

Since our local top Coinbase spot takers have actually begun buying again but Binance spot takers are selling 2x as much. OI still quite high and lots of liquidity below

If Binance sellers keep up the sell pressure it could trigger a liquidation cascade back down to our range lows (I’m expecting this as I’ve made clear over the last few days, the question right now is simply how long it will take to occur),” he concluded

In his latest trading strategy update to X followers, he eyed the possibility of a return below the $60,000 mark.

“If we lose 59K~ cleanly, I think we head back towards mid 50K’s if not lower,” he summarized