CandleFocus Bitcoin Price Risks Crash to $60K But Good News Awaits
2024-12-27
Author: Content Editor
Prominent analysts are projecting potential sharp corrections for Bitcoin before it regains bullish momentum. Some experts suggest a potential downside to $60,000, with concerns raised about the sustainability of Bitcoin's price below key thresholds. On-chain data and market sentiment indicate a possible downturn, with increased selling pressure and a decline in bullish sentiment. Bitcoin recently breached a critical support level at $97,300, and for the bearish outlook to be invalidated, it must reclaim this support and achieve a daily close above $100,000. The outlook is mixed, with short-term bearish pressures but long-term projections remaining optimistic.
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