Bitcoin is once again testing one of the most critical psychological price levels in the cryptocurrency market as it hovers around the $60,000 mark. After enduring weeks of heavy selling pressure, the worlds largest cryptocurrency has returned to the $59,000-$60,000 range, where buyers are attempting to prevent another sharp decline. While bulls continue to defend this key support level, the overall technical outlook remains bearish. The recent breakdown below Bitcoins upward trendline, which supported its recovery between April and May, marked a significant shift in market sentiment. That… Read more
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