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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-faces-potential-significant-correction/" data-wpel-link="internal">Bitcoin Faces Potential Significant Correction</a><br></p>
<p style="text-align: justify">Crypto analyst DonAlt, known for accurately predicting <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> movements of Bitcoin (BTC), has sounded the alarm about a potential significant correction. The analyst indicated a risk of a downturn that could exceed 15%.</p> 
<h2 style="text-align: justify" id="strong-attention-to-the-critical-threshold-in-bitcoin-strong"><strong>Attention to the Critical Threshold in Bitcoin</strong></h2> 
<p style="text-align: justify">Crypto analyst DonAlt has warned his YouTube subscribers that Bitcoin is facing a significant risk of a drop over 15%. He emphasized that the critical support level is at $61,000, and if the largest cryptocurrency closes below this level for a day, it could potentially trigger a selling event that might approach $50,000.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-350760" src="https://coin-turk.com/wp-content/uploads/2024/05/Bitcoin-BTC-Analiz-1.png" alt="" width="1203" height="579"></p> 
<p style="text-align: justify">DonAlt also outlined a bearish scenario where failing to maintain the $61,000 support level could lead to further declines. He highlighted that a brief recovery at the beginning of the month followed by a loss of this level would indicate a significant loss of strength in the market. According to the analyst, this scenario could result in Bitcoin falling to $52,000 and possibly even lower levels.</p> 
<p style="text-align: justify">DonAlt explained that the $61,000 range is closely watched by many <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a>, and a failed recovery attempt could lead to a series of sales as investors reassess their positions.</p> 
<h2 style="text-align: justify" id="strong-could-create-uncertainty-and-panic-strong"><strong>Could Create Uncertainty and Panic</strong></h2> 
<p style="text-align: justify">DonAlt highlighted the potential impact of market sentiment on price movements, especially in a critical range like $61,000 for Bitcoin. He argued that a failed attempt to regain this range could create uncertainty and panic among investors, leading to a larger market collapse. According to the analyst, losing this range would be a significant indicator of market weakness and would lead to more downward pressure.</p> 
<p style="text-align: justify">The <a href="https://en.coin-turk.com/critical-levels-for-ethereum-eth-and-ripple-xrp-coin-august-26-altcoin-predictions/" data-wpel-link="internal">crypto analyst</a> emphasized the importance of closely monitoring Bitcoin’s price movements, especially key support and resistance levels. He cautioned investors against complacency and highlighted the need for risk management strategies in volatile <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market conditions</a>. Despite Bitcoin’s current price hovering around $63,000, DonAlt’s analysis suggests a cautious approach due to increased selling pressure and the potential for a significant correction in the short term.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-faces-potential-significant-correction/" data-wpel-link="internal">Bitcoin Faces Potential Significant Correction</a></h5>

Bitcoin Faces Potential Significant Correction

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