Bitcoin $57,300 is a key risk threshold, Joao Wedson warns

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Bitcoin $57,300 seen as critical level

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Jose Antonio Gastelum

5 hours ago

Bitcoin $57,300 is a key risk threshold, Joao Wedson warns — Bitcoin $57,300 seen as critical level

Joao Wedson highlights that the $57,300 mark is a significant liquidation level when analyzing 30 exchanges over the past 30 days.

He suggests this price region should be monitored closely if Bitcoin starts to weaken in the coming hours.

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Wedson previously described a unique historical bottom metric for Bitcoin using Onchain Alpha’s formula adjustment in an earlier analysis. He also reported that Ethereum’s ongoing bear market recently became the second longest in the network’s history, lasting roughly 282 days, as detailed in his separate article. These insights follow his latest comments on key liquidation levels for Bitcoin.

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