Bitcoin dropped from a peak of $73K and is now moving sideways in the $60K range. Will it continue to dump?
🔍 Check out a realistic technical analysis on the scenario of BTC dropping to $52K and its impact on altcoins.
BTC is currently in a healthy correction phase, but the scenario of dropping to $52K is still valid if:
Breakdown support at $59K
Weekly close bearish
Buyer volume is getting weaker
But there is also a big chance of a bounce in the $56–$58K area. Monitor the RSI, EMA 100, and the higher low structure. Altcoins could bleed if BTC drops freely — so set your defense strategy!
##BTC110KToday? #BTCUpdate #CryptoStrategy