Major

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-faces-downturn-risk-below-50000" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Faces Downturn Risk Below $50,000</a><br></p>
<p style="text-align: justify">Prominent crypto strategist DonAlt has raised alarms about <a href="https://en.bitcoinhaber.net/bitcoin-faces-a-rapid-price-drop" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s potential dip to the $50,000 mark. He cautions that if Bitcoin closes the week under $70,000, a cascade of liquidations could ensue, heightening the risk for investors.</p>
<h2 id="what-drives-today-s-bitcoin-rally">What Drives Today’s Bitcoin Rally?</h2>
<p style="text-align: justify">According to DonAlt, the latest surge in Bitcoin’s price is fueled by speculators betting on a favorable outcome for Trump in the upcoming elections. These short-term investors are primarily looking for quick gains rather than long-term holdings, hoping Bitcoin’s value rises alongside Trump’s prospects.</p>
<h2 id="could-bitcoin-face-major-sell-offs">Could Bitcoin Face Major Sell-Offs?</h2>
<p style="text-align: justify">If Bitcoin struggles to maintain its upward trajectory, the likelihood of rapid sell-offs increases. This could push the cryptocurrency’s price below $60,000 and potentially down to $50,000, especially if there’s a significant drop in ETF interest following a Trump defeat.</p>
<p style="text-align: justify">Key takeaways from DonAlt’s analysis include:</p>
<ul>
 <li>Current Bitcoin price sits around $69,379, just below the critical threshold.</li>
 <li>High-risk positions could be liquidated if market sentiment shifts negatively.</li>
 <li>Investors should prepare for heightened volatility as market conditions fluctuate.</li>
</ul>
<p style="text-align: justify">DonAlt urges caution as market uncertainty looms large, advising investors to keep a close eye on evolving scenarios that could impact Bitcoin’s performance. Awareness of political and economic shifts will play a pivotal role in navigating potential market upheavals.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-faces-downturn-risk-below-50000" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Faces Downturn Risk Below $50,000</a></h5>

Bitcoin Faces Downturn Risk Below $50,000

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