#BITCOIN Tests Crucial Support: Will Bulls Hold or Bears Charge?🫨

Bitcoin's recent uptrend seems to be fizzling out as it approaches the anticipated support zone of $59,000-$60,000.🔻 This is a critical area - a break below could trigger panic selling and a sharper price drop.

Here's what to watch:👀

Can BULLS defend the $59k-$60k zone? If not, the next support sits around $50k-$53k.😱

Is the rumored 4-month imprisonment of CZ impacting the market? Take news with a grain of salt and focus on technical analysis.

RECOMMENDATION: Tight stop-loss🟥 orders are advised for open positions in this volatile environment.