The next major support level, which is around $55,000, may be reached if the price is unable to gather momentum and breaks below the 200 EMA at $58,260. Bitcoin needs to maintain above the 200 EMA and gain upward momentum in order to have a more optimistic outlook.
Bitcoin (BTC) Lost $63,000, Are We Going Below $60,000? XRP Could Not Break $0.48, Shiba Inu (SHIB) Shows Lowest Volatility Since 2024
