#BTC #Bitcoin $BTC
**Market Analysis: Potential Bitcoin Price Correction**
Recently, Bitcoin's price has shown some hesitation in continuing its upward movement. The closing of the current weekly candle did not meet expectations, as it failed to close above the critical level of $103,450. This prompted me to share my thoughts on the potential future price movement.
Based on my analysis, a correction to the following levels is now more likely:
1. $69,900
2. $59,500
Another signal for me is the current trading within a narrow range, as well as the Fear and Greed Index, which stands at 70 given the current volumes. This causes some concern.
I encourage everyone to be more vigilant in the current market situation. Of course, I could be wrong, and this is just my opinion, not financial advice. I am not urging any actions.
If my insights prove helpful, I would appreciate your support and comments. Wishing everyone profitable trades, friends!
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I hope this helps!!!