#BTC Today's analysis of Bitcoin (BTC) shows a bearish outlook, as the cryptocurrency has fallen below the key psychological support level of $60,000. This drop continues a downward trend that started after BTC peaked at around $64,995 earlier this month. Currently, BTC is trading near $59,000 and remains under pressure, with the potential to decline further to support levels around $57,000 if bearish momentum continues.

l#Technical BTC has formed a series of lower lows and lower highs, indicating that sellers are in control. Key resistance levels are now at $61,900 and $63,900, with a significant risk of liquidation if prices drop to $61,670.

Overall, while BTC has seen strong demand this year, the current technical setup suggests caution as bearish pressures could lead to further declines.