Bearish Outlook on Bitcoin: Key Levels to Watch
Currently, Bitcoin is approaching a critical resistance zone between $53,000 and $49,000. If the price fails to maintain support within this range, we could see a significant decline. A breach below this level may potentially lead to a drop towards $38,000. Traders should monitor these key levels closely to assess the possibility of further bearish momentum.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.