Bitcoin's Crucial Support Level at $65,000 Warned as Potential Trigger for Deeper Bear Market

A recent analysis by crypto expert Murphy suggests that a significant level of support for Bitcoin's price has been established at $65,000. This threshold was identified after accounting for lost tokens and represents a crucial benchmark for bulls in the market.

However, if this level is breached, the downward trend could intensify, leading to a more pronounced bearish phase. During periods of market downturns, investors are advised to maintain their composure, disregard negative voices, and validate their positions through proper management.