Regarding the BTC/USD pair, Bitcoin is putting pressure on the critical 60K support level after a dip of 4% on Monday
During the early hours of trading in the United States on Monday, Bitcoin saw a loss of almost 4%, marking the worst one-day loss since April 30.
A recent acceleration downward is exerting pressure on the psychological support level of 60 thousand (which is also close to the Fibonacci 76.4% of the 56427/71929 rally).
Stretched daily studies add to the indications that bears would encounter stronger headwinds on the approach to the 60K pivot. Upticks would be required to remain beneath the base of the thick daily cloud (64214) in order to keep bears in play and give improved selling opportunities.
A sustained break of the 60K zone has opened the door for a test of the 200DMA (57331) as well as a test of the important support held at 56427 (the low from May 1).
62349, 63235, 64214, and 64815 are the residences.
60085, 60000, 58608, and 57331 are the support numbers.
