Bitcoin Risks Drop To $52,000, Veteran Analyst Aksel Kibar Says

Bitcoin could be vulnerable to another sharp leg l

Bitcoin Risks Drop To ,000, Veteran Analyst Aksel Kibar Says

Bitcoin Risks Drop To $52,000, Veteran Analyst Aksel Kibar Says

Bitcoin could be vulnerable to another sharp leg lower if a developing wedge pattern breaks down, according to market technician Aksel Kibar, whose latest chart work points to a possible move toward $52,500. The warning matters because Kibar is not framing this as a macro hot take or a sentiment call, but as a pure technical risk signal built around the same structure he flagged before Bitcoin’s earlier selloff.

Bitcoin technical analysis, 1-day chart | Source: X @TechCharts
Bitcoin must break above $74,500, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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