Bitcoin Reclaims $56k But Still Faces Potential Drop to $47K, Analyst Reveals Why
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Bitcoin showed resilience by bouncing back to $56,000 from a low of $53,898 following a rise in the unemployment rate, which spurred buying activity. However, analysts remain cautious, predicting a possible drop to $47,000 due to weak support levels. Market volatility is expected to increase with the expiration of significant Bitcoin and Ethereum options.
Source: www.newsbtc.com ↗
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