🚨 BITCOIN WARNING: $50K CRASH IMMINENT? 🚨
Traders are panicking over potential downside extending to $50,000 for $BTC. The weekend 3% rebound was just a relief rally, not a reversal. Selling pressure remains intense.
• Uncertainty reigns: Macro factors and ETF flows are being questioned for support strength.
• Key battleground: The 200-week SMA/EMA zone is the ultimate test for bulls.
• ETF holders bleeding: Average ETF cost basis near $82,000 means more selling pressure if we drop further.
• Capitulation needed: Some vets say a true bottom only forms below $50,000.
Watch the $58,000–$68,000 support zone closely. A break here opens the door to fresh lows. Proceed with extreme caution.
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