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Title: $72 Million Bitcoin Sell-Off in 24 Hours Signals Unprecedented BTC Panic
As the clock struck midnight to mark the start of a new year, the cryptocurrency market experienced an unprecedented sell-off, with Bitcoin (BTC) losing a staggering $72 million in value within a mere 24 hours. This sudden and dramatic downturn has raised concerns among traders and investors about the future trajectory of the market.
Despite the overall post-New Year recovery of the market, the massive sell-offs witnessed on December 31st have set off alarm bells for many experts. Whether this trend will continue or slow down in the upcoming weeks remains to be seen. For now, Bitcoin’s resilience above $85,456 as a crucial support level and $96,471 as an immediate resistance level will be crucial.
In light of recent events, it is essential that traders and investors keep a close eye on these levels to gauge the market’s sentiment.
Source: u.today
