"Bitcoin (BTC) Price Analysis

BTC is currently testing the $63,000 support zone, which may break in the coming hours. If this support is breached, the next crucial support level is around $61,800. This zone is critical because if it fails to hold, a significant price drop is possible. Currently, the key support zones are:

1. $63,000

2. $61,800

3. $60,000

BTC is in a downtrend, and based on my previous analysis, it may reach the $52,000-$54,000 zone in the coming weeks. However, the timing is uncertain. The $61,800 support zone is the last significant level before $60,000, which has been tested multiple times (five instances) and may not provide substantial support this time around.

Long-term traders should exercise caution, as many accounts have been liquidated. Spot traders should hold and avoid panic selling, as BTC will likely recover after this correction. Remember to always do your own research and consider your risk tolerance before making investment decisions. Good luck to all!"