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

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Investors are on high alert as Bitcoin hovers around a critical level. Decrease in demand signals potential challenges ahead. Monitoring key levels like $55,500 is crucial for predicting market direction. Will the bulls manage to push the price above $60,000, or are we heading towards a deeper decline?