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Bearish Outlook on Bitcoin: Key Levels to Watch

Currently, Bitcoin is approaching a critical resistance zone between $53,000 and $49,000. If the price fails to maintain support within this range, we could see a significant decline. A breach below this level may potentially lead to a drop towards $38,000. Traders should monitor these key levels closely to assess the possibility of further bearish momentum.
Chart PatternsTrend Analysis

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