The global cryptocurrency market is under significant selling pressure, influenced by geopolitical tensions and substantial ETF outflows. This downturn occurs as many had anticipated a bullish phase in October.
Bitcoin has notably fallen over $5,000 from a recent peak of $66,000. Amid this volatility, a crucial moment approaches, with a crypto analyst identifying essential support levels that could determine Bitcoin's trajectory.
The analyst suggests that Bitcoin is at a critical juncture, where it might either crash down to $52,000 or surge up to $130,000, reflecting the market's unpredictability.
