Will Bitcoin Price Crash Again? Market Analysis and Forecast

Columns：Market News author：BTCZXW time：2024-09-21 21:18:00

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Will the price of Bitcoin crash again? This is a question on many investors' minds. Recently, Bitcoin has failed to hold $64,000, which may indicate early signs of a price reversal.

In the past two weeks, the price of Bitcoin has rebounded by more than 22% from $52,546, but has now retreated to $62,761. According to market analysis, multiple technical and on-chain indicators warn about the strength of the recent rebound.

It is worth noting that 85% of Bitcoin holders are currently profitable, which is often seen as a sign of an overheated market that may lead to price adjustments. In addition, the increase in open interest in Bitcoin futures has also raised concerns about a potential pullback.

In the face of these factors, investors should remain vigilant and pay close attention to market dynamics. Do you think Bitcoin will crash again? Feel free to share your views in the comments section!

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