Bitcoin / TetherUS
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Red Alert: BTCUSD Vulnerable to Major Sell-Off

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Today, Bitcoin ventured to the pinnacle of its extended ascending channel, experiencing a distinct rebound. This bounce introduces a heightened risk of mounting downward pressure, potentially leading to a 20% decline in BTCUSDT. The rationale behind this projected drop lies in the proximity of the nearest support level at $57,981, aligning with the 38.2% Fibonacci retracement level and the lower boundary of the channel.

Given these circumstances, exercising extreme caution in purchasing both Bitcoin and altcoins at this juncture is strongly recommended.
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Bitcoin sell-off could have come to an end
Bitcoin can Jump by another 40%
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BTCBTCUSDTChart PatternscryptopammcryptosignalsTechnical IndicatorsSELLshortTrend Analysis

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