Bitcoin Price Analysis: 2 Targets for BTC Following the Crash Below $50K and Subsequent Bounce

Crypto Blog

After a significant downturn in the cryptocurrency market, Bitcoin has seen a sharp decline, breaking through the key support level of its previous major swing low of $53K.

This movement indicates that sell-side liquidity, which was resting below the $53K level due to stop-loss orders from earlier long positions, has been activated, triggering a long-squeeze event. Given the impulsive nature of the recent downtrend, the market may require a corrective phase in the near term.

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