Bitcoin loses key support and is expected to return to the $54,000 price range! ! !

Bitcoin prices have continued to fall over the past week and are currently hovering around the $60,000 range. They have lost more than 11.17% of their market value in the past seven days. According to CryptoQuant analyst abramchat, Bitcoin may continue to fall in the coming days, especially after losing the key short-term support level of $64,580. Analysts pointed out that this price is the average price at which investors bought Bitcoin in the past six months. Losing this support level may cause more investors to face losses and increase selling pressure. In addition, the negative impact of economic and political news and the start of debt repayment by the Genesis crypto lending platform have also affected Bitcoin prices. Analysts warn investors to be cautious in buying alternative currencies in the current market atmosphere, believing that negative market sentiment may have a significant adverse impact on other digital currencies besides Bitcoin. According to analysts' predictions, if Bitcoin fails to recover the $64,580 support level, it may fall further to the important support range of $53,000 - $54,000.

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