Market situation: Bitcoin begins to recover and maintains its price above the $60,000 level

The cryptocurrency market witnessed notable fluctuations during the past 24 hours, with the total market value reaching approximately $2.36 trillion, which is approximately the same level recorded the previous day.

In the last 24 hours, the price of Bitcoin has been subjected to significant fluctuations, and this fluctuation in the price of Bitcoin has accompanied most alternative digital currencies.

We have witnessed multiple price movements during the recent period.

Bitcoin recovers above $60,000:

Bitcoin bears were striving to push the price below the $60,000 level yesterday, and they succeeded for a short time.

The price fell to about $58,400, a level not seen since early May.

But Bitcoin price found strong support at this level and rebounded, currently trading at around $60,800.

It remains interesting to see whether the selling pressure has ended or whether there are more challenges ahead.

#bitcoin $BTC