Bitcoin Isn’t Out of Danger Yet: BTC Must Clear These Crucial Levels
🚀 Bitcoin surged past $80,000, indicating a potential start of a bull market, but analysts caution it must break key resistance levels to avoid a drop to $50,000.
⚠️ Analysts like Gerla and cyclop warn that BTC needs to hold above $82,000 and $83,000 respectively, or risk a significant downturn towards $40,000 or even $45,000.
📈 Despite bearish sentiments, CryptoQuant reports that most market indicators are bullish, suggesting a possible rally if BTC closes above $83,000, while investors are moving towards self-custody, reducing selling pressure.
🚀 Bitcoin surged past $80,000, indicating a potential start of a bull market, but analysts caution it must break key resistance levels to avoid a drop to $50,000.
⚠️ Analysts like Gerla and cyclop warn that BTC needs to hold above $82,000 and $83,000 respectively, or risk a significant downturn towards $40,000 or even $45,000.
📈 Despite bearish sentiments, CryptoQuant reports that most market indicators are bullish, suggesting a possible rally if BTC closes above $83,000, while investors are moving towards self-custody, reducing selling pressure.