Bitcoin’s Price Facing Potential Decline Below $60,000

Recent market fluctuations and technical indicators suggest a potential decline in Bitcoin price, with experts warning that it might fall below the $60,000 mark. This comes amid concerns regarding the effects of announced tariffs on the cryptocurrency market. While some traders express caution about potential declines, others remain optimistic about a potential recovery after the current corrections. Crypto expert Titan of Crypto emphasized the need to watch key technical support levels – the 50-week exponential moving average and weekly RSI – to avoid significant drops. If Bitcoin fails to maintain these levels above $81,872, technical supports could weaken.