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Bitcoin sell pressure may break $56K support as options expiry

Bitcoin Price Analysis: BTC Loses Momentum With Possible Price

Bitcoin Faces Sell-Off: Will $56K Hold Ahead of Options Expiry?

Bitcoin Formed A Short

Cryptocurrency analyst Ali Martinez has issued a warning about the critical $61,000 level for Bitcoin (CRYPTO: BTC). What Happened: Martinez to

Bitcoin formed a short-term top near $60,000 and started a downside correction. The price is now trading near the $57,000 support and the 100 hourly simple moving average. There is a key

Whale wallet outflows suggest $56,000 is Bitcoin's

The Looming Expiration Date And

The upcoming crypto options expiry is threatening to add a significant amount of Bitcoin sell pressure that could take the price below another key support level. Over

The market is currently probable to test the $56K support level. The RSI indicator has also dropped below the 50% level, indicating a slight bearishness in momentum.

The looming expiration date and Bitcoin’s price weakness have created a perfect storm for potential market turmoil. If Bitcoin fails to hold the $56,000 support level, a

TA: Bitcoin Just Saw A Technical Correction, Why BTC Must Stay

Bitcoin Could Correct To $56K If It Breaches This Support Level

Is Bitcoin (BTC) Headed For A Deeper Correction? $56K