Bitcoin BTC Analysis and Current Market Situation ⚠️
Bitcoin is currently trading at a price of 78828$ with a struggle to maintain its current position and rise after a sharp drop from the $85000 area.
The current support area is $77,500.
If it breaks the $77,500$ , it will be a very negative point and $72,000$ will be the next support point, and if it breaks that as well, the price will reach $66,000$ - $60,000$ as an average support point.
In the worst bearish conditions, it may target the last support point of $55,000$ - $50,000.
⚠️ The current danger level is at the $77,500 area ⚠️
Losing this support point specifically $77,500$ may halt the upward trend and increase the risk of a deep and very long correction...