Bitcoin faces continued decline, price range of $58,000-60,000

Analyzing Bitcoin's recent downtrend

The price of Bitcoin has been in a downward trend, with a single-day decline of 1.5% and a decline of 7.65% in the past week. As of June 24, Bitcoin is hovering around $62,130.

Technical Patterns and Psychological Levels

Bitcoin's price action tends to return to the downward trend line after encountering resistance from the upward trend line. As of now, Bitcoin is approaching this downward trend line, which coincides with the important psychological level of $60,000. This range is also supported by Bitcoin's 200-day exponential moving average (EMA) at about $58,000, indicating that a move toward the $58,000-60,000 range may be possible in the coming weeks. , Bitcoin's current trend is consistent with historical patterns, indicating that $61,000 may become a key support level if past trends continue.

Whether it is the selling pressure of miners or the repayment of debts by Mentougou, the butterfly effect brought about by it is still bearish recently, and large investors continue to sell pressure. Even the big cake can't get up, let alone the copycat. !

#Mt.Gox将启动偿还计划 #MKR #币安上线ZK #BTC #ETH

At present, the bull market is surging, and we have the opportunity to share passwords every day.

As I said, if you don't know what to do in the bull market, click on my avatar, follow me, bull market spot planning, contract password, free sharing.

I need fans, you need reference. It's better to follow than to guess.