Bitcoin Price Predictions: Weekend Volatility Could Trigger Potential Correction
As the weekend approaches, Bitcoin's price is showing signs of increased volatility, raising concerns of a potential correction. The cryptocurrency is currently struggling to break past the $53,000 mark, with buyer exhaustion hindering its progress. Analysts suggest that if this trend continues, Bitcoin could drop to support levels around $49,170 or even as low as $46,760 in extreme cases. However, if the bulls maintain their momentum, a breakthrough above $53,000 could open the doors to reaching or surpassing the $55,000 threshold.
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