Unlocking Bitcoin's Future: Price Analysis Points to Potential Drop to $38K as $48K Resistance Tests the Market's Resilience
Bitcoin confronts strong resistance at $48K, leading to a 15% drop to $41K. Further decline to $38K possible, supported by technical analysis and 100-day moving average. 4-hour chart shows consolidation, with $42K as a key level. On-chain Puell Multiple indicates positive market conditions but suggests potential for a substantial correction before a bullish trend. Traders and investors advised to monitor key levels closely.
Xu Lin
