Bitcoin (BTC) Performance
Bitcoin took a hard hit, dropping below the psychological $64,000 mark early this morning.
Price Action: After hitting a low near $63,038, BTC has seen a slight "dead cat bounce" and is currently trading around $65,127.
Technical Outlook: Analysts are watching the $62,960 support level closely. If this fails, the next major stop could be the $60,000 zone. The trend bias remains Bearish in the short term as it trades below key Moving Averages (EMAs).
#BTC
#ETH
Bitcoin took a hard hit, dropping below the psychological $64,000 mark early this morning.
Price Action: After hitting a low near $63,038, BTC has seen a slight "dead cat bounce" and is currently trading around $65,127.
Technical Outlook: Analysts are watching the $62,960 support level closely. If this fails, the next major stop could be the $60,000 zone. The trend bias remains Bearish in the short term as it trades below key Moving Averages (EMAs).
#BTC
#ETH