$BTC The CEO of the analytical company warns: “This level is the last line of defense for Bitcoin; if it falls below, a significant drop may occur”

João Vedson, CEO of the analytical company Alphractal, warned investors that Bitcoin is at a critical support level.

In his statement, Vedson stated that Bitcoin should not fall below the level of $87,500.

“BTC must not lose the level of $87,500, this is the last support point. This level is based on a strong indicator called Alpha Price, which is based on network behavior. We are still above $95,000 at the moment. However, if the $87,500 level is breached, it is very likely that the $75,000 level will also be lost. If this support holds, a strong base will be formed,” he said.

“I would place my stop a little below $87,000. If this level is breached, losses may be limited,” Vedson said.