BITCOIN FUTURE IS IN DANGER ☠️
Bitcoin on higher time frames (1 Week & 1 Month) is currently in a strong bearish trend. At the same time, Bitcoin is trading near its major support levels, so a reversal is still possible at any moment.
However, if Bitcoin breaks below 61k, then recovery will not be easy. In that case, Bitcoin could potentially move toward 20k or even lower, or it may take several years to form a proper reversal.
Another important factor is gold and silver. Many investors and traders are shifting their capital into gold and silver, which is also impacting Bitcoin’s demand.
This just my personal thoughts about bitcoin...🙏🏻
BTCUSDT
Perp
65,431.6
-2.60%