Bitcoin traders expect new lows but data cautions against overly bearish bias
Hex37's read
- Bitcoin liquidity below $59,000 may trigger a price sell-off.
- Potential for Bitcoin to reach new 2026 lows exists.
- On-chain data suggests bulls may absorb the dip.
What it means for traders
- Traders should watch for a potential retest of the $59,000 support level.
- Despite bearish signals, consider potential buying pressure around lower levels.
Affected markets
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