Bitcoin Faces Potential Drop to $50,000 If Critical $57,800 Support Fails, Warns Analyst Justin Bennett
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Bitcoin's price might see a significant decline if it doesn't hold the $57,800 support level, according to analyst Justin Bennett. He suggests that Bitcoin could fall to as low as $50,000. The rising wedge formations on the four-hour chart support this bearish outlook and reinforce Bennett's prediction.
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