Bitcoin Faces Significant Downtrend, Eyes $50,000

Bitcoin (BTC) has experienced a 9.5% decline over the last three days, falling from a peak of $64,000 to a low of $56,709. This drop follows an 18% decrease over the past 30 days, with daily trading volume down by 32%. Analysts predict a potential decline to $50,000 as several indicators point to a deeper correction. Key support at $58,000 has been lost, and Bitcoin's current trajectory suggests further downside risks.Stay informed and cautious as Bitcoin navigates this volatile period.#Bitcoin #BTC $BTC #MtGoxJulyRepayments #BinanceTournament #SOFR_Spike #US_Job_Market_Slowdown