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Bitcoin Correction Begins: Will $BTC Drop to $57K or Hold Bull Trendline Support?

Crypto Daily·July 17, 2026·1 min read
Bitcoin Correction Begins: Will $BTC Drop to $57K or Hold Bull Trendline Support?

Bitcoin entered a corrective phase after rejection at the $66K horizontal resistance level. The price now tests bull market trendline support, with analysts questioning whether it will hold or drop to $57K. The outcome determines if the broader uptrend remains intact or if deeper losses materialize for BTC.

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