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Bitcoin Heading Towards Major Support: Here’s Why Holding $95,000 is Very Critical
As the cryptocurrency market continues to face a series of challenges and uncertainties, Bitcoin (BTC) has seen its price plummet in recent days. As investors await a decisive recovery, it’s crucial to note that the current price action suggests that BTC could be heading towards major support. In this article, we’ll explore why holding $95,000 is essential for the future trajectory of the market.
In a surprising turn of events, Bitcoin has started to lose its momentum and declined significantly below the key resistance level of around $98,000. Despite this pullback, the cryptocurrency has been fighting hard to defend the critical support at $96,071. The inability to breach these levels could potentially delay any potential recovery in the coming days.
While investors have grown increasingly concerned about the future prospects of Bitcoin, it’s essential to remember that market volatility is inevitable. This recent decline can be seen as an opportunity for investors to accumulate more assets at a discounted rate.
Source: coinpedia.org
