Bitcoin’s Price Hovering at Crucial Support, Expert Predicts Breakdown

Bitcoin (BTC) prices experienced a notable resurgence, breaching the $106,500 mark as optimism grows regarding the potential resolution of the US government shutdown standoff this week. Despite this rally in the broader market and Bitcoin’s persistent hold of its support level known as the Golden Line, a prominent crypto analyst has issued a stark warning: a sharp decline is imminent. This comes from Crypto analyst Doctor Profit who highlights Bitcoin’s historic position near its key support point around $99,200. The Golden Line, hovering slightly below $100,000, has served as consistent support since the bull market began in March 2023.