Bitcoin at Critical Juncture: Key Level Must Hold to Avoid Sharp Decline

Alphractal Issues Warning on Bitcoin’s Price Action

Cryptocurrency analytics firm Alphractal has sounded the alarm on Bitcoin’s price trajectory, emphasizing the importance of maintaining a position above $84,000 to prevent a steeper correction. The firm highlights that Bitcoin is currently hovering at a pivotal support level within the Cumulative Value Days Destroyed (CVDD) Channel, a widely recognized model for analyzing market support and resistance levels.

Why $84,640 is a Critical Threshold

According to Alphractal, the current support level aligns with CVDD × 2.618,

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