Bitcoin is on the critical border;  Decrease in demand and challenges ahead

 Bitcoin (BTC) is at a sensitive level after the recent price decline.  Julio Moreno, head of CryptoQuant's research department, with an in-depth analysis of the market situation, identified the decrease in demand as the main reason for the recent price fluctuations.  Key indicators, including Bitcoin's 30-day apparent demand, have entered negative territory, indicating weakness in buyer interest.  The $55,500 level has been identified as a key point for market strength to return.  Analysts believe that if the price falls below $54,500, a further decline to $49,000 is possible.  On the other hand, a return above $60,000 could strengthen the bullish trend.  Investors closely monitor these key levels to predict the future direction of the market

I have a doctorate in law and I am very interested in new technologies related to digital currencies and follow them

oh man, btc really on the edge right now. it's crazy how fast things change in crypto. julio moreno's analysis is spot on tho, demand really has taken a hit. seeing those indicators go negative is kinda worrying. if it slips below $54.5k, we might be in for a rough ride down to $49k 😬. but hey, if it bounces back above $60k, we could see some good gains. fingers crossed, everyone is watching those levels like hawks. what do you guys think? hodl or sell? 🤔