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$BTC is losing support. We need to get the daily close above $59k, or at least close to that level. Now it looks like shit. Potentially we're going back to $52k and range for some more time. But also this is not the end of the world guys. https://t.co/tO3ot6Vi1T
If $BTC holds $57K, we're good. If it doesn't, we probably drop to $51K, then $47K. Let's see if it holds.
$BTC 58k ✅ Time to shift over to the Higher Time Frame Range If price slides lower then Im looking to see how price reacts at the zone between 55 - 57k as marked out in the third chart below. Good luck out there - I can appreciate for many its not comfortable - dont make rash… https://t.co/bx7JiMRH4d https://t.co/IjpjoZmTlQ
Bitcoin prices are experiencing significant volatility, with the cryptocurrency trading between $58,000 and $62,000. Traders are closely monitoring key support levels, particularly $58,000, which is seen as a critical threshold. If Bitcoin fails to hold this level, it could potentially drop to $55,000-$57,000, and further down to $51,000 or $47,000. The inability to reclaim Monday's low has reinforced a downtrend, with EMA indicators from H1 to Daily showing bearish signals. Additionally, traders are looking for a daily close above $59,000 to regain confidence. Market participants are advised to be cautious and avoid making rash decisions during this period of uncertainty.