Cryptocurrency

Bitcoin

Coin

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" class="f-link">Bitcoin</a> recently peaked near its all-time high at $73,700 in March but failed to sustain above $70,000.</li>
 <li>Following this, BTC retraced nearly 10%, briefly dipping below $60,000, its lowest since early May, before recovering.</li>
 <li>It saw a notable price decline from $64,500 to a low of $58,456 over the past two days.</li>
 <li>Despite this, Bitcoin has rebounded to hover around $61,000 as bulls regained momentum.</li>
 <li>A sharp drop occurred following news from the Mt. Gox trustee regarding upcoming BTC and BCH payouts in early July.</li>
 <li>German Government Initiates Large Bitcoin Sell-Off, Causing Anxiety in the Market.</li>
 <li>Bitcoin's failure to surpass key resistance levels has created a "double-top price pattern," indicating there could be a drop to around $50,000</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-prediction" class="f-link">Coin Gabbar analysis</a>, The main question still remains unanswered: Will Bitcoin break through the $60,000 mark or not?</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $65,000-$70,000
SUPPORT LEVEL : $56,500-$52,500
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Bitcoin Price Prediction:Will BTC Bounce Back or Dive Deeper

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