Bitcoin Faces Potential Plunge as Key Support Levels Under Threat

Glassnode has issued a warning that Bitcoin may experience further declines if crucial support levels are breached. The price of the cryptocurrency, which is currently experiencing a drop from its October highs around $103,000, might face significant pressure as selling pressure mounts, particularly from long-term holders. These key support levels at $107,400 and $99,900 are crucial for Bitcoin to avoid deeper market retreats. 📈 📉