$BTC #MarketDownturn

Bitcoin's price prediction is a complex topic, and there are various forecasts and analyses available. Based on recent trends and technical analysis, here are some insights:

- Bitcoin's price is expected to experience a relief rally, potentially encountering resistance at the 61.8% Fibonacci retracement level of $62,066 ¹.

- Failure to break above $62,066 might trigger a 19% crash, back to retest the $49,917 daily support level ¹.

- Some predictions suggest Bitcoin's price could reach $65,000 to $72,000 in 2024, $85,000 to $95,000 in 2025, and potentially surpass $100,000 by 2028 ².

- However, it's essential to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly ³.

Keep in mind that these predictions are based on current trends and analysis, but the market can be unpredictable. Always do your own research and consider multiple sources before making any investment decisions.

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