This raises the possibility that the current move is a dead cat bounce, where the price temporarily recovers before resuming the broader downtrend. If Bitcoin fails to break and hold above the $75,000 resistance, selling pressure could re-enter, pushing the price back toward the $60,000 support. A breakdown below this level may accelerate losses, potentially dragging BTC price toward the $50,000 region or even lower, aligning with the projected downside path indicated in the chart.
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