During this period, it is clear that the bitcoin trend is still suffering. But this range is down. The uptrend line marked on the chart is broken downwards. The $ 60,500 support range has already prevented further bitcoins from falling. But the momentum of the trend is currently downtrend, which is indicated by the downtrend on the MACD indicator.
We expect the price to move to the lower support of 59,500 and 58,500 after breaking the support of 60,500. Market sellers now have a little more power than buyers. But most of these sellers were people who kept their bitcoins for a short time, and long-term holders still kept their bitcoins for higher prices.
We expect the price to move to the lower support of 59,500 and 58,500 after breaking the support of 60,500. Market sellers now have a little more power than buyers. But most of these sellers were people who kept their bitcoins for a short time, and long-term holders still kept their bitcoins for higher prices.