How low can the Bitcoin price go?

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Coin Telegraph 12h ago

How low can the Bitcoin price go? - Coin Telegraph

Quick Summary:

The largest cluster sits at $71,600, with 41,000 BTC concentrated there, making it the likely next support if $74,000 breaks.Related: Black Monday 2.0? 5 things to know in Bitcoin this weekMeanwhile, Glassnode’s Short-Term Holder (STH) realized price bands place the current average STH cost basis at $89,000, with the -1 standard deviation band at $69,000.

Source: TradingViewGrowing calls for a US recession have spooked risk investors while leaving crypto market participants wondering how low can the Bitcoin price go in the near future.

Bitcoin eyes decline toward “Saylor’s average entry“ levelBitcoin is currently testing a critical technical level—the 50-week exponential moving average (50-week EMA)—which has historically acted as a dividing line between bull and bear phases.