An analysis suggests that BTC could turn into a bearish trend if its price falls below $108,000. According to Cointelegraph, crypto analyst Daan Crypto Trades stated, "The correction phase of this BTC cycle is showing a somewhat different pattern compared to previous cycles. It is following a pattern of stagnation, decline, recovery, and then rising again, with a lack of clear breakthrough and sustained upward momentum. In this context, if BTC fails to defend the support line of $108,000, there is a possibility that the price could drop below $100,000 again."
Analysis: "BTC turns bearish if it falls below $108,000"
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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