🚨 Are we on the brink of a new downtrend for Bitcoin? 📉
#Bitcoin has broken the critical psychological support level, dipping below $63,000, amid a clear rise in fear and geopolitical and economic turmoil in the global markets.
With this pullback, technical indicators and current estimates are adding to the anxiety; forecasts suggest there's a 50% chance Bitcoin could drop below $50,000 this year$BTC
#Bitcoin has broken the critical psychological support level, dipping below $63,000, amid a clear rise in fear and geopolitical and economic turmoil in the global markets.
With this pullback, technical indicators and current estimates are adding to the anxiety; forecasts suggest there's a 50% chance Bitcoin could drop below $50,000 this year$BTC