CandleFocus Bitcoin Heading For Bigger Drop? These Key Patterns Could Decide Its Next Move!
2024-09-06
Author: Content Editor
Bitcoin's price has dropped to $55,900 with bearish trends forming, leading to concerns of further decline. Analysts suggest that if Bitcoin breaks its $51,000 support level, a crash could occur, potentially driving the price down to $40,600. However, there is also a possibility of a bullish triangle pattern forming, which could lead to a rise in price if Bitcoin stays above $48,888. The next moves of Bitcoin will be crucial in determining its short-term future.
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