⚠️ Bitcoin Facing Potential Decline: Watch for the "Death Cross"! ⚠️
Bitcoin may be gearing up for a drop as the daily charts show signs of a "death cross"—a pattern that often signals the start of downward pressure. Analysts are keeping an eye on this as Bitcoin could fall to $50,000 or lower, especially with the upcoming US FOMC report on September 18. 📉
🔍 Current Market Insights:
Bitcoin recently dropped below $60,500 after being rejected at $61,000.
The next support level sits at $59,400. If it breaks below that, we could see even steeper declines.
⚡ What to Do?
If you're holding long positions, be cautious!
Keep a close eye on the market and be ready to act to minimize losses if things don’t go as expected.
Stay alert and trade wisely!
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