#BTC
On January 14, 2025, the Bitcoin market is set to experience a resurgence! Noted crypto analyst Rekt Capital has issued an urgent signal: if Bitcoin's key support level is breached, a new round of plummeting prices could be imminent! If Bitcoin cannot hold the significant $91,000 mark, its price may plummet straight down, potentially falling below $90,000. This warning has immediately garnered widespread attention in the market.
Although Bitcoin briefly rebounded around $91,000, it soon returned to lower points, even dipping below that critical support level at one point. Only if Bitcoin confirms it can maintain the $91,000 level at the daily closing price can it avoid further downward risk. Currently, Bitcoin is still hovering in the range of $91,000 to $101,000, awaiting the market's final confirmation.
Additionally, Rekt Capital pointed out that Bitcoin is in the fourth week of price discovery correction. Historically, such adjustments typically last 2-4 weeks. Therefore, he speculates that this correction may be nearing its end. However, this does not mean that investors can let their guard down. Rekt Capital warns that the market is ever-changing, and the upcoming daily closing price will determine Bitcoin's next move.
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