Bitcoin’s recent price action has shown a troubling trend. After briefly surpassing the $60,000 level, the cryptocurrency has fallen back below this key threshold. This downturn follows a period of weak demand and a series of lower highs since Bitcoin’s all-time high (ATH) achieved earlier in March.
The market had been hopeful for a recovery following a sharp decline in early August, but these expectations have been dampened by ongoing sell pressure.·
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