BTC

60,492

+1.19%

Bitcoin ($BTC BTC) has dipped below the key psychological level of $60,000, currently trading around $59.2K–$59.7K, depending on the exchange.

Key reasons behind the dip:

📉 Continued selling pressure and profit-taking.

💸 Outflows from spot Bitcoin ETFs.

🏦 Hawkish macroeconomic outlook and a stronger U.S. dollar reducing risk appetite.

Important levels to watch:

🟢 Support: $58,000

🔴 Resistance: $60,000–$62,000

If BTC reclaims $60K, sentiment could improve. A break below $58K may open the door to further downside.

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