Bitcoin Correction : Potential Drop to $54K-$57K

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Bitcoin is currently in a **correction phase**, trading below the **silver ring line**, which now acts as resistance. The price is expected to continue its decline, targeting the range of **$57,360** to **$54,000**. Additionally, there’s a **blue ring** located around the **$55,000** mark, providing further potential support.

Conclusion :

If the correction persists, Bitcoin may reach as low as **$54K**. However, the **$55K blue ring** could act as a buffer for potential price stabilization.

Advice for Investors :

Keep an eye on the **$55K level** for a potential reversal, but prepare for continued downside to **$54K**. Adjust strategies accordingly!