Bitcoin has experienced a significant drop and is currently testing a key support zone. Crypto research firm MakroVision suggests that the drop may be a signal of a C wave and emphasizes the importance of a strong buying reaction at current levels to prevent further downside risk. The sell-off has brought Bitcoin to the 0.382 Fibonacci retracement level, which is seen as a strong area that could trigger a potential reversal. However, if this support fails, Bitcoin could fall further towards lower levels. The article also notes that the information provided is not investment advice.



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