Bitcoin's price decline appears to be continuous, with the cryptocurrency currently down by 2.20%, settling at approximately $55,900. This marks its lowest level in the past month.
The market capitalization of Bitcoin stands at $1.10 trillion. However, analysts from BitcoinSensus have identified two key corrective patterns forming on Bitcoin's daily chart.
These patterns could play a crucial role in determining whether Bitcoin will experience a larger drop or manage to recover from its current downfall.
