✅ #bitcoin price forecast:

✔️Despite the recent increase in network activity #BTC. , there is still a risk of extending its decline.

🟢Trading at $60,276 at press time, the value of the leading coin has declined by 13% in the past 30 days.

⚪BTC is trading below its 20-day Exponential Moving Average (EMA) at its current price, and has been trading below this key EMA since June 11.

🔲The 20-day EMA tracks the average price of the asset over the last 20 trading days. When the price falls below this level, it is considered a bearish sign.

🔶This means that the asset price was recording lower declines compared to the average price over the past 20 days.

💠If this trend continues, the price of #BTC☀ may fall to $58,698.

However, if the sentiment surrounding the royal coin turns from bearish to bullish, the above prediction will be invalidated, as the price of the coin will rise to $61,839.