📉 Bitcoin Faces Nervous Moments: Key Levels to Watch!
After the halving, Bitcoin's value started declining, triggering panic among investors as it dropped to $56,622. The halving's expected impact, along with the Fed's strict interest policy and significant outflows from spot BTC ETFs, contributed to Bitcoin's downturn.
Following its all-time high, Bitcoin experienced heavy selling pressure after falling below the $63,000 - $62,000 range. Negative news from Spot ETF BTCs, panic selling among investors, and ongoing geopolitical tensions further pushed the market down.
As of now, Bitcoin is trading at $57,814. If the Fed reduces interest rates, halving enthusiasm resumes, or geopolitical tensions ease, Bitcoin may aim for higher levels. In such a scenario, we could see increases to $59,009 – $60,722 – $62,100 – $63,000 – $64,534 – $67,091 – $71,289, and $73,684, respectively.
However, if the current trend persists, further decline is likely. In such a scenario, Bitcoin may drop to $56,622 - $52,898 - $50,580, and $47,755, respectively.
