Bitcoin has dipped below $82,000, hitting a seven-month low of $81,588.90, as analysts predict further declines due to ongoing leveraged liquidations. James Check described the recent downturn as a 'double sigma liquidation event,' highlighting significant volatility and risk for traders using leverage. Augustin Fana of SignalPlus noted early signs of stabilization but cautioned that a breach below $78,000 could lead to additional selling pressure. Meanwhile, Best Wallet is promoting a package for Bitcoin and other cryptocurrencies, including a presale of its native token BEST.
Bitcoin Faces Potential Drop to $70,000 Amid Liquidation Concerns
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