How low can the Bitcoin price go?
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Bitcoin recently faced a strong rejection at the $70,000 mark, triggering concerns about its potential downward trajectory. Analysts have identified key support levels that could serve as a stopping point for the current BTC downtrend. These levels can provide investors insights on where Bitcoin's price might stabilize during this downtrend.
Understanding these support levels is crucial for traders to develop strategies and manage expectations in the volatile cryptocurrency market. Such knowledge helps in preparing for potential further drops in Bitcoin's price.
Kaynak: cointelegraph.com ↗
