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Bitcoin’s Risk Cap Declines: Is $64K the Next Critical Support Level for BTC?
The cryptocurrency market has been experiencing a rollercoaster of emotions lately, with prices fluctuating rapidly. One of the most significant concerns in recent times is the decline in Bitcoin’s (BTC) Risk Cap metric. This development has raised eyebrows among investors and enthusiasts alike.
As it stands, the Risk Cap metric peaked in March 2024 before witnessing a lower peak in December. This pattern typically precedes corrective phases before the next upward cycle commences. What does this mean for the future of Bitcoin?
Source: https://cryptonewsland.com/bitcoins-risk-cap-declines-is-64k-the-next-critical-support-level-for-btc/
