Bitcoin is approaching a critical support level as the crypto markets brace for capitulation. The move places Bitcoin at a key technical juncture that could dictate near-term price action for the broader space. Traders are watching whether this level will hold under selling pressure or give way to a larger downside move.
A hold could spark a relief rally across risk assets, while a break below might amplify selling pressure and raise the probability of market-wide capitulation. The outcome will depend on liquidity conditions and intra-day trading dynamics as investors reassess risk appetite. Traders will also monitor on-chain signals and macro cues for clues.
Volatility is likely to remain elevated as traders weigh downside risks against potential support. The broader alt-coin complex could react more sensitively to capitulation dynamics if Bitcoin breaks lower.
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