CandleFocus Analytics Company Shares Critical Level That Must Be Maintained To Avoid Aggressive Bitcoin Decline
2025-03-09
Author: Content Editor
Cryptocurrency analytics firm Alphractal has warned that Bitcoin must stay above $84,000 to avoid a more aggressive correction. They explain that Bitcoin is currently at a key support level and if it breaks below this level, the price may head towards the next support or resistance zone. Alphractal suggests that if Bitcoin consolidates above $84,000, it could form a bottom before moving towards all-time highs. However, if it fails to maintain this level, a significant decline could occur. Alphractal also identifies two downside targets if a breakout happens. They mention that a similar correction occurred in 2021, but Bitcoin eventually recovered and reached new highs. This information is not investment advice.
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