BiyaPay analysts have issued a warning about a potential sharp drop in Bitcoin prices due to growing liquidity concerns. Despite recent market enthusiasm driven by the Federal Reserve's rate cut and advancements in AI, Bitcoin is showing signs of vulnerability. Currently trading around $112,000, Bitcoin is experiencing shrinking trading volumes and weak momentum.
The analysts caution that if Bitcoin breaks below the $112,000 level, it could trigger a significant sell-off and lead to a deep market correction. This warning comes as the cryptocurrency market faces increasing uncertainty, highlighting the importance of monitoring liquidity conditions closely.
BiyaPay Analyst Warns of Potential Bitcoin Sell-Off Amid Liquidity Risks
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