Analysts say Bitcoin has entered a capitulation phase, undergoing months of reset rather than a short-term correction. BTC $69,313, down 7.9% for the day, off 45% from last year's high of $126,080. Key: hold above $70,000, return to $75,000-$80,000. If broken, target is $55,700-$58,200. Discipline first. #Bitcoin
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Analysts say Bitcoin has entered a capitulation phase, undergoing months of reset rather than a short-term correction. BTC $69,313, down 7.9% for the day, off 45% from last year's high of $126,080. Key: hold above $70,000, return to $75,000-$80,000. If broken, target is $55,700-$58,200. Discipline first. #Bitcoin