Bitcoin Could Face Bearish Downtrend if It Drops Below $108,000, Analyst Suggests
The post Bitcoin Could Face Bearish Downtrend if It Drops Below $108,000, Analyst Suggests appeared on BitcoinEthereumNews.com. Bitcoin’s price action near its all-time high is drawing intense scrutiny, with analysts warning that a drop to $108,000 could signal a significant bearish reversal. Market participants are closely monitoring Bitcoin’s ability to sustain momentum above critical resistance levels amid fluctuating investor sentiment and macroeconomic uncertainties. According to crypto analyst Daan Crypto Trades, “You don’t want to see this deviate back below $108K again at this point,” emphasizing the importance of maintaining support above this threshold. Bitcoin faces critical support at $108,000; a drop could trigger a bearish trend risking $2.67B in longs, while analysts debate potential breakout scenarios and consolidation patterns. ‘, ‘
The post Bitcoin Could Face Bearish Downtrend if It Drops Below $108,000, Analyst Suggests appeared on BitcoinEthereumNews.com.
Bitcoin’s price action near its all-time high is drawing intense scrutiny, with analysts warning that a drop to $108,000 could signal a significant bearish reversal. Market participants are closely monitoring Bitcoin’s ability to sustain momentum above critical resistance levels amid fluctuating investor sentiment and macroeconomic uncertainties. According to crypto analyst Daan Crypto Trades, “You don’t want to see this deviate back below $108K again at this point,” emphasizing the importance of maintaining support above this threshold. Bitcoin faces critical support at $108,000; a drop could trigger a bearish trend risking $2.67B in longs, while analysts debate potential breakout scenarios and consolidation patterns. ‘, ‘
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