Bitcoin Price Prediction: Bulls Make U-Turn as $50K Risks Resurface; Echoes of March 2020 Crash Loom
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Bitcoin's price is currently being rejected at a crucial resistance level, risking a decline to the $50K mark. This situation evokes memories of the March 2020 crash. Recently, hundreds of millions in trades were liquidated, indicating potential bearish behavior in the short term. Additionally, XRP has fallen below the critical levels of $60K and $59K, increasing market apprehension. Analyst Josh of Crypto World has noted these trends, warning of continued volatility.
Source: coinpedia.org ↗
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