10x Research: price declines could accelerate as support levels are broken and sellers scramble for liquidity
Bitcoin fell below the important technical and psychological barrier of $60,000, 10x Research noted in its latest market report. This is a key level for bitcoin miners and bitcoin spot ETF buyers and roughly marks the bottom of the three-month trading range (support).
As the support level is broken and sellers scramble for liquidity, the price could accelerate. Only ill-informed traders will be willing to buy here. A break below this support level could lead to a sharp drop in price below $50,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
S&P 500 futures turn bullish
US stock pre-market storage sector generally rises, SK Hynix up 2.5%
--GUIDANCE: (RCL) Royal Caribbean Expects 2026 Adjusted EPS Range $17.85 to $17.95, vs. FactSet Est of $17.79
BUZZ - JetBlue Airways raises fiscal year seat revenue forecast, shares surge
Crypto prices
More
