📉 Bitcoin's price is on a rollercoaster ride, folks! 🎢 It's dropped below the $60K support level, and even the 200-day moving average. But hey, don't panic just yet!

🔍 The daily chart shows a sizeable downward shadow, hinting that the decline might be slowing down. A consolidation or recovery could be on the cards in the short term.

📈 On the 4-hour chart, we see a bearish trend, with Bitcoin making lower highs and lows. But if it reclaims the $57K level, we could be in for a bullish rebound.

🔧 On-chain analysis shows a significant hashrate drawdown. It's a bit like miners hitting the exit button, but it could also signal an end to the recent downtrend.

🤔 So, is the bear market just beginning or have we hit rock bottom? Only time will tell. Meanwhile, hardcore Bitcoin believers might be stocking up. What's your move? Share your thoughts below! #Bitcoin #CryptoMarket #BearOrBull