Bitcoin, the leading cryptocurrency, is trying to hold around $67,000; analysts indicate that breaking this level could trigger a wave of large-scale sell-offs in the market.

Market data shows that Bitcoin has recently been stuck within a certain range, and investors are cautiously monitoring support and resistance levels. If the key support is broken, the price is expected to drop to around $65,400, with a possibility of further decline.

When Bitcoin falls below $66,000, a wave of selling also appears in the overall crypto market. On the other hand, increasing geopolitical risks and global market uncertainties strengthen investors' risk-avoidance tendencies. This increases volatility in the crypto market, and reports indicate that Bitcoin’s value and related company stocks are experiencing declines.

It is emphasized that for Bitcoin to return to a long-term upward trend, a higher closing level is technically required. On the other hand, breaking the current support could cause short-term momentum to turn negative and trigger broader sell-offs. In this scenario, a decline to around $60,000 is expected, and volatility may increase.#GateGoldenTouch