bullish

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/will-bitcoin-price-experience-further-declines" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will Bitcoin Price Experience Further Declines?</a><br></p>
<p style="text-align: justify">Concerns are emerging regarding <a href="https://en.bitcoinhaber.net/trust-wallet-addresses-bitcoin-network-congestion-issues" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price as it stabilizes near $69,000. Credible Crypto, a well-known figure in the cryptocurrency community, has alerted his substantial following on X, predicting a potential drop to the $65,000 mark shortly.</p>
<h2 id="what-could-happen-if-bitcoin-falls-below-65-000">What Could Happen If Bitcoin Falls Below $65,000?</h2>
<p style="text-align: justify">The market could face significant downward pressure if Bitcoin fails to hold the $65,000 support level, as this might indicate a broader market decline.</p>
<h2 id="can-bitcoin-rebound-above-74-000">Can Bitcoin Rebound Above $74,000?</h2>
<p style="text-align: justify">If Bitcoin maintains support at $65,000, it has the potential to climb back towards $74,000.</p>
<blockquote style="text-align: justify">
 <p>“Despite the unexpected ‘strength’ in <a href="https://en.bitcoinhaber.net/spain-establishes-regulations-for-blockchain-and-cryptocurrencies" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>, the backdrop still looks negative. While trading around $70,000, you’ll want to see a recovery around $65,000 to keep bullish expectations alive.”</p>
</blockquote>
<p style="text-align: justify">Credible Crypto further cautions that surpassing the $71,000 threshold does not guarantee a bullish market. He observed that the break above $71,000 occurred in a corrective manner, suggesting fragility in the current pricing.</p>
<p style="text-align: justify">Key takeaways from Credible Crypto’s analysis include:</p>
<ul>
 <li>The importance of the $65,000 support level in shaping Bitcoin’s trajectory.</li>
 <li>The $74,000 target remains feasible if support holds.</li>
 <li>Current market dynamics suggest cautious optimism is necessary.</li>
</ul>
<p style="text-align: justify">As of now, Bitcoin is valued at $69,708. The movements in price will depend heavily on ongoing market conditions and investor strategies surrounding these pivotal support points.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/will-bitcoin-price-experience-further-declines" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will Bitcoin Price Experience Further Declines?</a></h5>

Will Bitcoin Price Experience Further Declines?

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