Bitcoin Could Drop Lower Than $46K Amid Macro Pressure
Explore the provided link to secure a consistent profit in Binance futures trading. Receive complimentary Bitcoin trading signals and leverage the Cornix trading Bot for optimal automated trades: https://telegram.me/btctradingclub. Bitcoin may revisit higher resistance zones, but market experts expect these levels to act as entry points for bearish positions. Over the past week, Bitcoin’s price action has remained weak, with repeated failures to reclaim levels above $70,000, leaving the asset consolidating between $66,000 and $68,000. The asset posted a slight uptick of 2% on Monday, as it traded above $67,700. Analysts warn that geopolitical uncertainty is weakening bullish setups, thereby reducing confidence in any upside despite the emergence of short-term price recovery signals. Capital Is Leaving Bitcoin On-chain analyst Willy Woo said that according to legacy valuation models, Bitcoin could bottom between $46,000 and $54,000, while also indicating a potentially extended timeline ...