BITCOIN CRASH WARNING! 7 Fails at 71.5K – Is Your Wallet Next?

Is your crypto portfolio on the brink? Bitcoin has ominously failed to break the crucial $71,500 resistance level a staggering seven times, hinting at a far more dangerous situation than mere "sideways action." Each failed attempt makes the market learn, empowering short sellers and causing long positions to tighten their stops, pushing us closer to a potential cliff edge. This isn't just about technical charts; a darker truth hides beneath the surface.
Meanwhile, the much-touted spot Bitcoin ETF demand, once considered an unshakeable backstop, has turned south with a net negative inflow of $2.659 billion over the last 30 days, shattering investor confidence. Adding to the tension, the broader macro environment with high U.S. 10-year yields is tightening conditions, making leverage pricier and raising the bar for speculative assets like Bitcoin. This financial stress is palpable, as traders are now paying significantly more for downside protection, making the market jumpier and more unpredictable.
Consequently, Bitcoin faces a crucial moment. It either summons the bravery to break and hold $71,500, setting its sights on higher targets like $73,700, or it risks a devastating slide. If the key $68,000 shelf collapses, we could witness a painful descent towards $66,900, then the low $61,000s, and even a revisit to the dreaded mid-$50,000s! Don't get caught off guard; stay informed by subscribing to our channel for real-time market insights.

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