Bitcoin must break $62K to avoid potential crash

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If Bitcoin fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken, but some aren’t as pessimistic.

Bitcoin is at a critical tipping point: It needs to hit $62,000 and stay there to avoid a retest of $49,000, according to an analyst note from one crypto exchange.

However, several crypto traders believe Bitcoin is unlikely to drop below $50,000 anytime soon.

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