Two Scenarios Map Out Bitcoin Price Crash After Recovery
After hitting a new all-time high, the bitcoin price has since retraced towards its pre-pump levels from last week, completely erasing its rapid gains. As a result, the bears seem to be reclaiming control once again, with sellers dominating the market. While expectations for another sharp recovery abound, crypto analyst Melikatrader has outlined two possible scenarios for the pioneer cryptocurrency, with both ending in bearish reversals toward established local peaks. Lower Trendline Break Points To Bearish Developments The analysis highlights the two possible directions that the Bitcoin....
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The Bitcoin price is currently sitting on a key support trendline that could determine its next major move. According to a crypto analyst, a breakout from this level could lead to two possible scenarios. On the bullish side, the cryptocurrency could extend its recent price recovery and push higher. However, in a bearish scenario, the analyst predicts a steep decline, with price possibly revisiting $68,000. Given the significance of this trendline, analysts and traders are closely watching to see how Bitcoin will react here. Bitcoin Price Sits At Critical Make Or Break Trendline Crypto....
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