Bitcoin Price Update: Key Levels to Watch_

$BTC /USD: $59,462, plummeting 5% in the last 24 hours. Despite a slightly bullish historical trend, with 52.86% of days closing above the opening price, Bitcoin is facing significant short-term losses. The coin has retreated 18.20% from its 5-month high of $72,689, indicating a potential consolidation phase. Traders should monitor the $58,000 support level and the $60,000 resistance level, as a breakout or breakdown could dictate the next price movement.

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