$BTC Faces a Deeper Correction Risk Below $80,000 Bitcoin failed to break above the key $80,000 trading level and started to decline as Warsh’s hawkish inflation comments strengthened the U.S. dollar and pushed the U.S. 10-year Treasury yield higher. Technical Analysis Bitcoin is currently trading near the Cumulative Short Liquidation Leverage($80,000-$78,840) and the key $78,800 trading level. I expect Bitcoin to start declining from this area toward $77,720. If bearish momentum increases, price could break below the Support Lines and the crucial $77,000 trading level, opening the way toward the Cumulative Long Liquidation Leverage($77,300-$76,500) and potentially filling the lower CME Gap($76,810-$76,255). First Take Profit(TP): $77,720 Stop Loss(SL): $80,080 Which level will Bitcoin reach first: $76,500 or $80,080? #BTC Price Analysis# #What is your Bitcoin Price Prediction?#