Bitcoin Falls Hard Before Monthly Close! How Long Will the Declines in BTC Last?

Will there be hard downward needles to gather liquidation in Bitcoin?

The chaotic process continues in the cryptocurrency industry. The leading cryptocurrency Bitcoin (BTC) has lost more than 7% in the last 24 hours. Bitcoin (BTC) fell below 60 thousand dollars with the declines it experienced in the last minutes.

As of now, Bitcoin is still positioned at the support of 59 thousand - 60 thousand dollars. In the coming minutes, BTC may throw hard needles under this support zone to collect liquidation.

Although Bitcoin has made a 4-hour close below $60,000 for the first time in 61 days, it is not expected to make tonight's monthly close below $60,000.

As of tomorrow, FED Chairman Jerome Powell will give a speech. With this speech, BTC, which may again throw liquidation needles, may start to recover from the support of 59 thousand - 60 thousand dollars unless there is a bigger bad development in the crypto market.

However, our readers should not forget that in the recent period, negative developments such as the Israel-Iran war and the prison sentence of Binance founder CZ have come one after the other.