Crypto analyst sets Bitcoin key level to the downside
Bitcoin (BTC) lost a four-month price range after breaking down from $60,000, trading as low as $53,540. Now, a prominent cryptocurrency analyst believes BTC can revisit its lows and maybe drop even further in a bearish context. CrypNuevo shared this analysis in his “Sunday Update” as a thread on X, pointing to key technical indicators. In the analyst’s words, “The next key level to the downside is exactly $51.7k.” Essentially, the $51,700 price level matches with leverage liquidation pools formed after the wick down to $53,540. Moreover, it matches the 50-week exponential moving average, which is a solid price and trend indicator. Picks for you Monero surpasses Bitcoin in payment volume for the first time on platform 2 hours ago ...