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Bitcoin

Bitcoin Price Outlook: $60,000 Key Support Level Could Spark Downside

"There are no 'Buy' signals, so we would await support discovery in bitcoin," Fairlead Strategies said, highlighting $51,500 as potential support.

By: Business Insider
  • Jul 01 2024
  • 47
  • 145 Views
Bitcoin Price Outlook: $60,000 Key Support Level Could Spark Downside
Bitcoin Price Outlook: $60,000
Bitcoin's 16% sell-off this month is testing a key support level at around $60,000. This support level is bolstered by Bitcoin's 200-day moving average of just under $58,000. A break below $60,000 could lead to a 15% decline to the next support level... [1822 chars]

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