🟨 Why did BTC dump today? Find out in just 1 minute! (Bangla + English)

📉 Bitcoin dropped below $60K today. Many are worried – why did this happen?

🔍 See 3 main reasons below:

🔻 1. Mt. Gox is returning BTC:

Mt. Gox is currently returning around $1.7 billion worth of BTC to old users after it was hacked in 2014. They may sell this BTC – that's why the market is scared.

🔻 2. The German government is selling BTC:

The German government is gradually releasing thousands of BTC they have into the market. This sell-off is reducing the price.

🔻 3. US Employment Report Strong:

A strong jobs report means interest rates will not fall – which will result in selling pressure in the market.

📊 From a technical perspective:

✅ Strong Support: $58,800

🚫 Resistance: $61,500

📉 RSI: Towards Oversold (below 30)

📣 Give your feedback!

Will BTC go below $58K?

👇 Let me know in the comments!

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