Bitcoun could text the 60k zone

There is a saying: "Hope for the best, but prepare for the worst" and my last Bitcoin analysis reflected this sentiment.
Bulls needed to maintain support in the 67k zone if they hoped for a new all-time high anytime soon.

Unfortunately, as I feared, last week the price broke below the 67k zone and after a retest two days later, Bitcoin continued its decline.

At the time of writing, Bitcoin is trading around 62.7k, and the odds favor a drop to 60k.

Speculators could look to sell during rallies, and only a price move back above 67k would change this bearish outlook.

Commentaire:

60k target hit