Bitcoin price started a fresh decline and traded below $60,000. BTC is struggling and might continue to move down toward the $56,500 support.
Bitcoin Price Takes Hit
Bitcoin price failed to recover and extended losses below the $62,500 level. The bears took over and pushed the price below the $61,200 level. The price even dived below the $60,000 level.
A low was formed at $58,009 and the price is now consolidating losses. There was a minor recovery wave above the $58,500 and $59,000 levels. The price traded close to the 23.6% Fib retracement level of the downward move from the $65,070 ..
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