📊 If Bitcoin falls below the $60,000 level, there will be risks of a decline to $52,000 before resuming growth. This scenario was presented in CryptoQuant.
Experts added that pessimistic developments are not inevitable due to the dominance of ETF buying. Clients of structures may absorb excess supply as a result of liquidations.
Analysts also noted that on-chain analysis and the derivatives market indicate good chances of keeping the price above support - unlike the previous halving, traders are being more cautious.
P.S. Personally, I am confident that there will be growth. 💪
What do you think about $BTC ? 🤔
