Bitcoin’s Road to $125K Could Include a Brutal Drop to $68K: Analyst
BTC when published $81,605Now $80,617 ▼ −1.21% since it was published
Although bitcoin rebounded from the dip below $80,000 and now sits two grand higher, the risk of another deep correction has not been completely eliminated. Analysts are watching the $84,000 resistance as the immediate recovery level, while one longer-term scenario envisions the cryptocurrency plummeting to $68,000 first before going after its 2025 all-time high. $68K First, Rally Later? Daan Crypto Trade argued that BTC managed to sweep liquidity while still saving its daily close. He described the recent move as a good example of why waiting for candle closes actually matters. However, he warned that the recovery now needs to continue, which it hasn’t.
First reported by CryptoPotato. This page is a short excerpt; the full text is theirs.
