Bitcoin Loses Crucial Support, Poised For Return To $54,000 – Analyst
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The price of Bitcoin has declined over the past week, currently trading around $60,000 after losing over 11.17% of its market value. CryptoQuant analyst abramchat predicts further losses due to recent market developments and economic news. Bitcoin lost a key support level at $64,580, which could trigger more selling and a decline to $53,000-$54,000. Additionally, repayments by defunct crypto lender Genesis have influenced Bitcoin's price drop.
Bitcoin's daily trading volume is down by 24.45%, showing reduced market interest. However, it remains the largest digital asset, with a market cap of $1.19 trillion. Investors are cautioned against buying altcoins amid current market negativity.
Fuente: www.newsbtc.com ↗
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