Bitcoin’s $57K level is a make-or-break zone for leveraged traders—any dip here could trigger massive liquidations as long positions get wiped out. With thin trading volumes, the sell-off could hit harder and faster. Analysts warn we may be in mid-to-late bear market territory, potentially heading toward a final, brutal liquidation before a bottom. But Bitcoin’s resilience near $64K, plus bullish chart patterns, hints at a possible rally to $76K—if the market turns, it might just be starting.
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