Every crypto crash shows investors a new ray of hope and gives a great opportunity to reduce their risk of loss. It is much better for investors to invest during every market crash.
Every market crash is another hope for investors and grabbing the opportunity will be great. Right now the whole world financial market is not good and even stock markets have crashed badly.
Bitcoin has recently dumped, and the market has crashed around 5-6%. It has touched the $77K level. This is a great opportunity to continue the bullish momentum. Remember, whenever crashes happen in the market, they actually make the market stronger.
The $77K–$78K level is very important, and if strong support comes from here, then this time the bull season is confirmed, and altcoins can move very well.
There is much possibility for Bitcoin to take stronger support from this level and also a good rebounce is expected. Also it may be the start of the altseason.
According to me, Bitcoin should not go below $72K, because if that happens, then the bear season will officially start. And those who are dreaming of an altseason, their hopes will drown.
The $77K and $72K levels are very important for Bitcoin. You can think of them as a turning point — either towards bearish or bullish direction. If BTC holds the $77K level, then the market will turn bullish, but if it does not hold $72K, then extreme bearish can come.
At the time of writing, Bitcoin's price is $79K, which is holding strong and wants to break out, which is surely good news.
My advice is that if you have free cash, then buy at this level, because we may see a good correction move. This is not financial advice, but just a suggestion based on my information.
Do you think Bitcoin will recover again?
Is the $77K region important for Bitcoin and the entire crypto market?
Will be glad to see your answers in the comment section.
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