Bitcoin (BTC) in the danger zone: what can prevent another 20% crash?
Bitcoin (BTC) has fallen nearly 10% in the past month, currently trading around $74,700, with analysts warning of potential further declines if it fails to regain the $77,600 level.
Key support levels are being watched, with a break below $73,000 likely to lead to a decline towards $60,000, while a recovery above the 50-week moving average could signal a bullish reversal.
Despite bearish sentiments, some analysts believe that current price levels may present a buying opportunity, supported by a decline in BTC held on exchanges, indicating reduced selling pressure.