Bitcoin looks increasingly like it did in 2022: Can BTC price avoid $68K?

Onchain data points to a major Bitcoin price drop in the making, while a bearish technical structure projected a drop to $68,000.

Bitcoin (BTC) is flashing early signs of a deeper correction, as the latest recovery pauses at $93,000. New analysis shows Bitcoin’s “market structure” increasingly resembles the first quarter of 2022, which marked the beginning of the bear market.

Key takeaways:

Bitcoin’s onchain structure mirrors early 2022, risking a deep bear market if key levels are lost. 

Read more

Read Entire Article


Add a comment