Crypto Kemal: If Support is Broken in Bitcoin (BTC), There May Be a Fall to This Level!

These levels can still be dangerous for purchasing crypto assets.

As of today, sharp declines continue to occur in the cryptocurrency industry. Leading cryptocurrency Bitcoin (BTC) recently crashed to $60,750. Although BTC has received a reaction from these levels, the seller pressure is still unbroken.

Crypto Kemal, an analyst closely followed by Turkish cryptocurrency investors, recently made a new post on his X/Twitter account. Sharing that risks are still high in Bitcoin, Kemal said the following:

“Bitcoin (BTC) is at support, but even though the price is at the bottom, the RSI is not even coming down from the middle band. At that time, dollar dominance was pushing the trend that it could not break for a long time.

The above are bearish signals. If the support in Bitcoin (BTC) is broken, the next support below is located at $ 58 thousand.

Just as there is no perception of expensive when the price is rising, there is no perception of cheap when it is falling. “I will not increase my risk until I see a sign of reversal (downtrends breaking in volume one by one, at that time Bitcoin and USDT dominance falling sharply).”

Stating that the dangers in the market are not over as of now, Kemal announced that he is not increasing the risk.

Stay tuned for updates.