$BTC Bitcoin has not been able to sustain its upward movement and is now challenging the key support range of $59,000-$60,000, as predicted previously. This range holds significant importance for BTC, and a drop below $59,000 could trigger panic selling in the market. It is advisable to set tight stop-loss orders for all active positions. The following substantial support level is anticipated around $50,000-$53,000. The recent news of CZ's 4-month incarceration is cited as the one of the reason for this price decline.

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