After a short break, $54,700 was the point where the rise accelerated at the end of February 2024, and the price has moved away from here for now. However, continued closes below $58,376 indicate the potential for BTC to make deeper bottoms. After stalling at $60,200, now BTC is trying to survive a deeper bottom.

If the negativity that has been ongoing for a while intensifies, we may see new needles in the $ 50,700 and $ 48,000 range. This allows us to see new annual lows in altcoins.