Bitcoin has been hovering inside a triangle pattern for nearly a month now, and it has reached the end point with decreasing volume, which is undoubtedly a clear warning sign of a potential trend reversal!



Based on the current market analysis, the probability of a rebound after a dip is very high. The main force is most likely trying to clear out all the bulls who are still holding positions at the bottom by pushing the price down, clearing obstacles for the subsequent market.

Preliminary estimates suggest that Bitcoin's price may dip to the 61 - 62k range. But don’t panic, this could very well be a “false alarm,” and a strong rebound could follow, with the target directly aiming for 70k, and even potentially hitting 72k! Moreover, this rebound could happen as soon as this week. Let’s wait patiently for the market to give us the answer.

The crypto market is constantly changing, with opportunities and risks coexisting. Everyone must closely monitor market dynamics, manage their positions wisely, and prepare for risk management.
BTC-0.27%
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