Bitcoin price drop to 60,000 dollars and a falling knife that you should not catch!
Analysts call the curre situation a perfect storm: liquidation of 2.67 billion dollars in 24 hours, withdrawal of more than 800 million dollars of liquidity from investme funds and the fear and greed index reaching the number 5. Analyst Rachel Lucas also says: “Traders are no longer trying to catch the falling knife and have prioritized capital preservation.”
If the selling pressure coinues, the next price target will be $55,000. If demand grows and bulls return to the market, Bitcoin may correct to $75,000; However, the overall trend is still downward.
