Bitcoin on the edge: Will it withstand the pressure of the "bears" at the level of $67,500? 📉
The market situation remains critical.
Today, February 11, Bitcoin (
$BTC ) continues to trade in a dangerous zone near $67,800.
According to Investing.com, institutional investors have taken a wait-and-see position, leading to a 12% decrease in daily trading volume. The fear index has stabilized at 18, which still signals panic sentiments among retail.
As analysts note, a local corridor is forming between $67,500 and $69,200. Breaking the lower boundary could open the way to cascading liquidations.
ForkLog reports that miners have begun to transfer part of their assets to exchanges, which traditionally creates additional pressure on the price. The market is holding its breath in anticipation of the inflation report in the U.S., which will be a key trigger for the next big move.
So far, BTC is showing weakness, but history shows that the most powerful rebounds often start from such levels.
#MiningUpdates What are your thoughts?