Bitcoin can drop even further, but the power-law framework suggests $58K is a normal level
- Bitcoin falling to $58,000 aligns with the cycle bottom level per the power-law model.
- Futures market data indicates BTC’s price could drop even further.
- The $58K level is considered 'normal' in the context of the current correction.
- Investors need to watch the next support thresholds.
#Bitcoin #BTC #CryptoNews #BinanceSquare
$btc
#vlikevn Titanbot
Source: CoinTelegraph
- Bitcoin falling to $58,000 aligns with the cycle bottom level per the power-law model.
- Futures market data indicates BTC’s price could drop even further.
- The $58K level is considered 'normal' in the context of the current correction.
- Investors need to watch the next support thresholds.
#Bitcoin #BTC #CryptoNews #BinanceSquare
$btc
#vlikevn Titanbot
Source: CoinTelegraph