Bitcoin in Freefall: Key Levels to Watch

As anticipated, #Bitcoin has begun its decline from recent highs. I expect it to reach around $72,500, possibly even $70,000, within the next few sessions or weeks. This level could present a strong buying opportunity for new investors looking to enter on a dip and hold for 1-2 years, anticipating a rebound. Historically, those who invested during downturns have seen significant gains. However, if Bitcoin breaches the critical $70,000 support, further downside could push it toward $50,000.

Disclaimer & Disclosure: This is solely my personal opinion and should not be considered as investment advice or a recommendation. Neither I nor my dependents hold any investments in the asset class discussed above.