Bitcoin Price Drops Below Critical Support as Glassnode Warns of Potential BTC Crash

Bitcoin (BTC) has breached a crucial support level, sparking concerns among investors. On-chain analytics firm Glassnode has issued a warning, indicating a high risk of further price deterioration. The breakdown of this key technical level suggests increased selling pressure and potential for a deeper market correction. Analysts are closely monitoring trading volumes and network activity for signs of a bearish continuation. This move places Bitcoin in a vulnerable position, with the next significant support zone becoming the primary focus for traders. Market sentiment has turned cautious following this development.