Bitcoin is facing increased risk after failing to break above the key resistance level of $64,000. The failure to break this level has left Bitcoin vulnerable to further downside, with analysts warning of a potential deeper correction if critical support at $60,000 is not held. Market sentiment is shifting from bullish to fearful, and the next few days will be crucial in determining whether Bitcoin can regain strength or face a prolonged decline. Traders and investors are closely watching the market's response, as Bitcoin's performance in Q4 will likely set the tone for the broader crypto market.
- Content Editor ( newsbtc.com )
- 2024-10-09
Bitcoin Failed Attempt To Break $64,000 Could Lead To A Disaster – Analyst