Bitcoin (BTC) Could Dump to $51K If it Breaks Below This Support Line: Expert

With the Bitcoin halving just days away, the cryptocurrency has been highly volatile leading up to the event. In fact, BTC lost almost 7% on Tuesday alone, fluctuating from $66,000 to the current price of $63,225, extending weekly loss to more than 12%.

Martinez warned that a breach below the support line may trigger a descent towards $56,200 or even $51,600. On the other hand, a break beyond the resistance barrier in question could catapult Bitcoin towards ambitious targets, setting sights on $79,000 and $86,000.

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